Happy 2022! It is the start of another successful year helping buyers and sellers in the Greater Philadelphia area. As we reflect on the housing market during the end of 2021, we learned that it continues to be a strong seller’s market. There is limited inventory in Philadelphia and its surrounding areas, however, home values slowed in Q4 compared to previous quarters which made the market a bit more favorable for buyers. Mortgage rates remain low for now, so it is an ideal time to buy a higher-priced home.
Be sure to read through our Q4 Market Report of 2021, where we share stats on the hottest neighborhoods of Philadelphia and South Jersey. If you are considering relocating to the suburbs, don’t miss out on our new section which covers the market in Montgomery County, Delaware County, and Bucks County.