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Housing supply is up in the Philly region, but not enough to meet demand

At the end of July, the Philadelphia metropolitan area had just over two months’ worth of housing supply. That's not much, but it was the highest level of supply since late 2020.

The number of homes on the market across the Philadelphia metro area has creeped up, but home supply is still not nearly enough to meet demand.
The number of homes on the market across the Philadelphia metro area has creeped up, but home supply is still not nearly enough to meet demand.Read moreDreamstime / MCT