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- Philadelphia New Construction Market Update (February 12th, 2025)
Philadelphia New Construction Market Update (February 12th, 2025)
Marco Di Gabriele
February 12, 2025
Table of Contents
Despite a slight uptick in showing activity over the past week, the market is still down about 15% YOY in Philadelphia. Showings are the main lead indicator we use to track buyer demand, so being down 15% from 2024 to 2025 is not the way we were hoping to start the year. We expect a lag this week due the Superbowl (GO BIRDS!!!!) & parade on Friday, but should see an uptick into the weekend and next week. Typically February into March we see a large showing uptick as we kick into the spring market, so we will continue to track and see how we stack up 2025 vs previous years.
Currently, 19146, 19148, & 19147 are commanding over 30% of total showings that are taking place in the market, each contributing more or less 1500+ showings since the beginning of the year.
Overall Philadelphia New Construction Market Stats:
(Rolling Statistics - Past 365 Days)
Not a whole lot of change in the amount of active inventory on the market.
New Construction Neighborhood Market Reports (Rolling 180 Days)
Northern Liberties / Fishtown / Olde Kensington (19123, 19125, & 19122)
Graduate Hospital / Queen Village (19146 & 19147)
Spring Garden / Fairmount (19130)
South Philly (19145 & 19148)
Brewerytown / Strawberry Mansion / Sharswood (19121)
Rittenhouse / Logan Square (19103)
Port Richmond / Kensington / Bridesburg (19134 & 19137)
Old City / Washington Square West (19106 & 19107)
Manayunk / Roxborough (19127 & 19128)
East Falls / Germantown (19129 & 19144)
Chestnut Hill (19118)
Mount Airy (19119)
Northeast Philly (19114, 19115, 19152, 19154)
University City / West Philly (19104, 19139, & 19143)
Marco is a real estate agent, developer, and entrepreneur who specializes in New Construction Sales in the Greater Philadelphia Area.
Marco has overseen the sales of over $100mil in New Construction sales over the past 5 years as the Director of New Construction & Development Sales on the Rarity Real Estate Team.
Rarity Real Estate has sold $880M in Real Estate in the Greater Philadelphia Area since 2020, and is a Top 25 Ranked Team in Keller Williams International.