Previews of 2023 Year End Report

Dated: January 7 2024

Views: 172

What happened in 2023?

It's time for year-end reviews and 2024 predictions. Usually, I'm disappointed with market reports which is what motivates me to data dive for information that hopefully you'll find helpful and relevant. 

Data results for December 2023 won't be published until mid-January so I did some specific analysis for a couple of prime neighborhoods in Center City to get a feel for what really happened. Of particular note;

  • Closed Price to Listing Price %'s were strong!
  • Cash buyers were about 50% of sales - but without a big discount
  • 5 Year Pricing trends show increase in values
Type# of SalesMedian Sold $

Median DOM

Closed / List %Cash Sales

Rittenhouse Square (19103)
Click links below for photos and details of $1M+ luxury sales in 2023

Condos237$480K3798%52%
SFR55$1.6M4196%45%

Society Hill / Old City (19106)
Click links below for photos and details of $1M+ luxury sales in 2023

Condos150$332K4598%53%
SFR36$1.4M30105%28%

If you'd like the full reports, analysis for your home or neighborhood of interest, please contact me.

Each featured area on my website has details of current market activity as well as market health analysis. Browse additional market insights and updates on current activity with fresh data feeds including 5 year trends such as these examples for Rittenhouse Square;

Rittenhouse Square Q4 price reductions show sellers are more confident. 

Rittenhouse Square Q4 Market Trends

Related links with additional market data;

Whether its the right time to buy or sell is a very personal decision. Market dynamics are shifting. In my consultations we go over your goals, what market trends are telling us and explore options for your best success. Let's talk!


Susanna Kunkel, Realtor
eXp Realty, LLC
484-416-0567

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Susanna Kunkel

Susanna provides executive level service to all her clients based on her years in corporate CEO offices. Creative marketing, global networking and local expertise. Her unique mix of business savvy and....

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