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ESI e-Newsletter
May 2013
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REAL ESTATE VALUE TRENDS > 2013 > Q1
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Philadelphia Housing Market Shows Slight Increase at the Beginning of 2013
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Econsult Solutions, Inc. most recent quarterly Real Estate Value Trends of the Philadelphia Housing Market shows slight increase at the beginning of 2013.
House prices increased by an average of 2.3 percent citywide, signaling a mild reversal of the weak market from the previous two quarters.
Quality-adjusted prices of single family houses in Philadelphia increased by an average of 2.3 percent this quarter and are also up 5.6 percent from a year ago, signaling a mild reversal of the weak market from the previous two quarters. Overall, there were 2,928 arms-length sales of single family houses this quarter. This is down 7 percent from the previous quarter, but still up 11 percent from the same quarter a year ago. >read more online
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