To Buy or to Sell?

As you're pretending to work this week while eating and breathing your March Madness bracket, consider this: It's not just college hoops that's a regional affair. According to Zillow, the spring housing market is turning into a story of East vs. West. (Where is Ming Tsai when you need him?) Philadelphia ranks No. 2 among buyers' markets in the US, outranked only by Cleveland and just ahead of Tampa, Chicago, and Pittsburgh. As any newcomer to Philly can attest, homes have stayed on the market longer than average, giving buyers an advantage in getting a good price. The sheer number of multifamily projects in the ground—including Post Brothers' Presidential Family Apartments, Dranoff Properties' Southstar Lofts, and PMC Property's 1900 Arch—have certainly helped to keep up supply. The top sellers' market? San Jose, followed by San Francisco, where a tight inventory and growing competition (and, apparently, Google buses) are driving housing prices.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

'Redefining Industry Standards': RCG's 3-Pronged Approach To Building Automation

Bringing Stability And Savings To CRE Insurance Through Working Layer

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

King Of Prussia Pursues Stadium To Anchor $200M Mixed-Use Complex