Philadelphia Metro

March 2025 | 
Home Demand Index: 71 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for this report period stands at 71, reflecting an increase from last month’s 65 but a decline compared to last year’s 77. The month-over-month improvement indicates growing buyer activity, potentially driven by seasonal demand or improving economic conditions. However, the year-over-year decline suggests that demand remains softer than the previous year, highlighting ongoing market challenges.
The market trend line, below, provides a high-level monthly overview of the Home Demand Index for each of the metro market areas within the Greater Philadelphia Metro Area. The Home Demand Index is baselined at 100, with 90-110 indicating a steady market. Index values above 110 indicate moderate and high activity while Index values below 90 indicate slower or limited activity. For more information for a given period of time, click on any point on the map to pull up the monthly report.
Metro Market Trend Data by Bright MLS | T3 Home Demand Index
Each of the market areas listed above are defined as follows:
  • Central Pennsylvania – Adams, PA; Berks, PA; Cumberland, PA; Dauphin, PA; Franklin, PA; Fulton, PA; Lancaster, PA; Lebanon, PA; Perry, PA; Schuylkill, PA; York, PA;
  • Ocean County – Ocean, NJ;
  • Philadelphia Metro – Bucks, PA; Burlington, NJ; Camden, NJ; Chester, PA; Delaware, PA; Gloucester, NJ; Kent, DE; Mercer, NJ; Montgomery, PA; New Castle, DE; Philadelphia, PA;
  • Salem-Cumberland – Cumberland, NJ; Salem, NJ;

Philadelphia | March 2025

Home Demand Index

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The Home Demand Index (HDI) for this report period stands at 71, reflecting an increase from last month’s 65 but a decline compared to last year’s 77. The month-over-month improvement indicates growing buyer activity, potentially driven by seasonal demand or improving economic conditions. However, the year-over-year decline suggests that demand remains softer than the previous year, highlighting ongoing market challenges.
Demand for entry-level single-family homes remains stable at 71, down from 77 last year, reflecting ongoing affordability concerns. The luxury single-family segment saw a sharp increase to 51, rising from 41 last month, suggesting a surge in buyer interest or changes in inventory. This variation underscores the dynamic market conditions across different price tiers.
Monthly Statistics for March 2025
Home Demand
Index
71
(Slow)
Home Demand Index
from prior month
65
Home Demand Index
from prior year
77
Index change
from prior month
9.2%
Index change from
same time last year
-7.8%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com