Bloomberg: Philly Among Metro Areas with Biggest Annual Median Home Price Increase

By Bailey Dickerson

Published: 12:14 pm EDT October 23, 2020Published: October 23, 2020Updated: 1:24 pm EDT October 23, 2020

Philadelphia metropolitan area is among the country’s metro areas with the biggest median home price increases in September at 23.6 percent. Image via Unsplash.com.

Philadelphia metropolitan area is among the country’s metro areas with the biggest median home price increases in September, writes Prashant Gopal for Bloomberg.

The Philadelphia region is third in the nation, only behind Fairfield County, Connecticut, and Memphis, Tennessee, with a 23.6 percent increase in median home prices last month.

The rise in prices is more pronounced in the suburbs, as people continue to leave the tight quarters of the city to search out more living space in surrounding counties that are also closer to nature.

Read more about the rise in median home prices at Bloomberg by clicking here.

You Might Also Like

Eagleville Couple Takes Advantage of Market as Luxury Homes Catch Up with Middle Market

Philadelphia Region Housing Market ‘Insane’ Thanks to Continuously High Buyer Demand

Philadelphia Suburban Housing Market Extremely Competitive After Spring Shutdowns