Will the Philadelphia housing market favor buyers or sellers in 2023? Here’s what Realtor.com predicts

Realtor.com projects home prices in the Philadelphia metro will rise 5.7% in 2023 with a 0.6% increase in sales.

In its annual housing forecast released Wednesday, the real estate listings website projects rising mortgage rates will average 7.4% next year and settle in at 7.1% by the end of 2023.

With home prices still rising but the rate of their acceleration slowing down across the country, the upcoming year is shaping up as a “nobody’s market” that won't favor homebuyers or sellers in…

Previous How former Eagles star Malcolm Jenkins built a multipronged business portfolio in Philadelphia and beyond
Next Report: New demand for Seattle office space hits lowest level in nearly 2 years