Philly Housing: Sales Down, Prices Still Absurd

phillygraphic Philly Housing: Sales Down, Prices Still AbsurdPhiladelphia home sales tumbled 25 percent annually in the spring, according to a new report from Wharton economist Kevin Gillen (hat tip: Matrix).

Meanwhile, the median house price there was roughly $109,000 by the end of June. In Manhattan, it was $1,025,000 (for condos and co-ops), according to Miller Samuel; and, in Brooklyn, $525,00.

No wonder so many New Yorkers are splitting for Philly.

Article continues below
More from Business & Tech
"Do you even lift, bro? I know you don't attend town hall meetings."
Have You Seen Paul Ryan? Wisconsin Voters Take Out Craiglist Ad, Billboard