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Market Leaders Profile: Philadelphia

Oct. 1, 2009

 

Population: 5,838,471 (2.7 percent increase since 2000)
Existing home sales: Q2 2009 sales were down 20.1 percent from 2008, but up 61.6 percent from Q1
Home prices:  Down 3.06 percent from 2008; up 27.17 percent over last 5 years
Homeownership rate: 69.4 percent (No. 29 among major metros)
Median household income: $57,831
Local unemployment rate: 8.8 percent (up from 5.6 percent in 2008)
Sources: FHFA House Price Index, Pennsylvania Association of Realtors, U.S. Bureau of Labor Statistics, U.S. Census Bureau 

RELATED LINKS

Podcast on the Philadelphia market with Stephen Klein of Anthony Home Improvements

The Corner Office: Gardner/Fox Associates

Making the Big Boxes Work

2007 Innovators: Power Windows and Siding

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