A total of 19,945 new pending sales were recorded during September in the Mid-Atlantic region covered by Bright MLS, up 10.3% from year ago. The increase in pending sales was fueled by a regional housing inventory that has been increasing for eight consecutive months....
The number of active listings in the Mid-Atlantic region totaled 37,340 at the end of August, up 21.4% year-over-year, according to new data from Bright MLS. This represented a 2.06-month supply regionwide. Sales activity last month was more robust in the Mid-Atlantic...
Home sales across the Mid-Atlantic region totaled 20,552 transactions in June, according to new data from Bright MLS. This represents a 3.2% decline from the previous month and a 10.4% drop from one year ago. Although fewer homes were being sold, more properties were...
The sudden and unexpected closure of a major Philadelphia art school could create a major upheaval in the city’s commercial real estate market with properties coming up for sale at once. According to a Philadelphia Inquirer report, the University of the Arts will shut...
The median home price in the Mid-Atlantic region hit a record high in April at $410,000, according to new data from the Bright MLS service. Last month, the Mid-Atlantic region saw 25,772 new listings, up 14.7% from one year earlier while active listings were 17.2%...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
