Is a shadow inventory haunting the Philadelphia real estate market? If so, what will happen to home prices in the area when these distressed properties are released onto the market? Let’s take a look.
In much of the country, the number of homes for listed sale has declined over the last year or so — significantly, in some cases.
But housing inventory appears to be rising in Philadelphia. In fact, the City of Brother Love has a dubious distinction among metro areas, when it comes to real estate inventory. According to Realtor.com, it is one of the only metro areas where real estate listings rose over the last year.
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