Here's a quick summary of the key statistics being reported in Philadelpia
Some housing sales statistics better in Phila., some worse - Philadelphia Business Journal:
The median sale price of houses in the Philadelphia area was down less than 1 percent in June compared to June 2007, according to the latest Prudential Fox & Roach HomExpert Market Report, but the number of sales was down considerably, and the number of days houses spent on the market was up.
In the Philadelphia area, including South Jersey, the median sale price was $239,900 in June, down a half percent from $241,000 in June 2007, according to the HomExpert report. In May 2008 the median was $228,000. The number of homes sold was down 28 percent to 6,257. In May 5,385 houses were sold. Average number of days on the market was up 16 percent, from 59 to 69.