Philly's housing status...like a stream.....

Philly seems to just flow along like a stream...it dries out in a drought..overflows after a storm....but most of the time just reverts back to what it was before and in calm fashion. Just a stream. The housing market did its dance like most places, but all in all - seems to be getting right back on track. The storm and the drought have subsided.

Of note is where the most movement is occuring. From Philly.com......

http://www.philly.com/philly/classifieds/real_estate/7537387.html

Houses in the $300,000 to $500,000 range "are flying off the shelves," Shor said, "especially if they look good."

The higher end of the market - $1 million and above - is much slower in both city and suburbs.

There are still bidding wars in some neighborhoods, "especially if they are priced on the money," Duffy said. He cited a house in Havertown with five offers and one in Gladwyne with three offers, both in the $500,000 to $1 million range.

Although sellers in other regions of the country appear to be panicking, agents and brokers said they see no evidence of that here