The Philadelphia region’s housing market continued to show signs of stabilizing this past summer. Following several years of consecutive declines, house prices appear to have significantly slowed their rate of depreciation in 2011. According to the latest quarter’s data, the typical Philadelphia-area home dropped only slightly in value by an average of 0.6 percent on a quality- and seasonally-adjusted basis in Q3. This decline follows a modest increase of 0.7 percent in the prior quarter of Q2. (November 3, 2011)
 Kevin Gillen Market Commentary for
3rd Quarter 2011
Philadelphia Regional House Price Indices, 2011 Q3
Philadelphia House Price Indices: Technical FAQ and Documentation
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