What Buyers and Sellers in The Northeast Need to Know
If you’ve been watching the headlines lately—declining home sales, falling prices, rising inventory—you might be wondering: Is the housing market slowing down everywhere? The answer is: Not where we are.
Here’s something essential to understand:
Real estate markets are local. Just like the weather, what’s happening nationally doesn’t necessarily reflect what’s happening here in the Greater Philadelphia region, the Jersey Shore, or the Poconos.
At The JMC Sales Team, Keller Williams Realty Group, we specialize in these unique and highly desirable markets. And we can tell you confidently—our region continues to perform differently from the national averages. That’s good news for both buyers and sellers who are paying attention.
How’s the Market in Our Area?
Home Sales Volume (May 2025 vs. May 2024)
While many areas across the country—especially the South and West—have experienced declining home sales, the Northeast, including Greater Philadelphia, the Jersey Shore, and the Poconos, is seeing steady buyer activity. Even with higher interest rates, homes here continue to move, confirming what we’re seeing on the ground: buyer demand remains strong.
Home Prices Are Still Climbing Locally
Across the Northeast, home prices are up over 7% year-over-year, driven by tight inventory and continued demand. These trends are especially evident in key markets like Philadelphia’s suburbs, popular shore communities, and vacation homes in the Poconos.
While other regions may be softening, our local markets remain competitive, and well-prepared sellers are still seeing strong offers.
Inventory Remains Low — Sellers Maintain the Advantage
A balanced market offers about 5–6 months of inventory. Right now, our markets are sitting at approximately 3.5 months of supply—still clearly in seller’s market territory. This is true from Main Line neighborhoods to coastal Jersey Shore towns and mountain properties in the Poconos.
What This Means for Sellers in Greater Philadelphia, The Jersey Shore, and The Poconos
If you’re considering selling your home in these markets, now remains a favorable time. Prices are strong, demand is steady, and inventory remains tight. While some parts of the country are shifting, our region’s trends continue to benefit sellers—at least for now.
As trusted real estate professionals with Keller Williams, The JMC Sales Team is your go-to resource for understanding how current market dynamics impact your home’s value and timing. We’ll help you create a tailored strategy to maximize your opportunity.
What Buyers Should Know About These Local Markets
If you’re moving to Greater Philadelphia, the Jersey Shore, or the Poconos from outside the area, it’s crucial to understand that these are still competitive markets. While you may hear about slowdowns elsewhere, homes in our markets often receive multiple offers—especially when priced well.
Here’s how buyers can succeed right now:
✔️ Be prepared. Get your mortgage pre-approval in hand before house hunting.
✔️ Be decisive. Well-priced homes still sell quickly.
✔️ Work with a local expert. Navigating our specific markets requires a team that knows the neighborhoods and how to help you win in a competitive environment.
Why Local Expertise Matters Now More Than Ever
At The JMC Sales Team with Keller Williams, we live and work in the Greater Philadelphia area, the Jersey Shore, and the Poconos. We understand these markets because we serve these communities every day.
National headlines won’t sell your home—or help you buy one successfully. Local expertise will. Whether you’re considering your next move or just looking for insights into your neighborhood’s trends, we’re here to help you make confident, informed decisions.
📲 Ready to take the next step? Contact us today for a personalized consultation.
Let’s talk about your goals, your neighborhood, and how to leverage today’s opportunities in our unique markets.
The JMC Sales Team | Keller Williams Real Estate
Your Local Experts for Buying and Selling Homes in Greater Philadelphia, The Jersey Shore, and The Poconos