- Monthly Market Statistics for January 2025 Available on TCSR Website
- TCSR Office Closure: President's Day
- Introducing New FOREWARN Community Hub
- Inventory and Home Sales to Rise in 2025, Says NAR Chief Economist Dr. Yun
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Bright MLS: Success in an Uncertain Housing Market - Lessons from 2024, Insight for 2025
- SRA: East Goshen Resumes Point-of-Sale Inspections
- Calendar of Events
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Monthly Market Statistics for January 2025 Available on TCSR Website
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Tri-County Suburban REALTORS® continues to help members communicate the latest
real estate market conditions with a set of Monthly Residential Market Statistics for
area counties and their respective school districts. Note that these monthly statistics
cover all school districts in Chester, Delaware, and Montgomery counties.
Philadelphia and select Berks County school districts are also available.
The reports are updated between the 10th and the 12th of the month for the previous
month’s statistics. If you have questions or requests, please contact Tri-County
Suburban REALTORS® Director of Marketing and Communications, Lauren Davis.
An assortment of reports is also available to Bright MLS subscribers at BrightMLS.com
such as a monthly Market Report, and a Marketing ToolKit to coincide. Once logged
into their site, click the "Market" tab and choose the "Market Statistics Report" button
in the drop-down menu to access various reports
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TCSR Office Closure: President's Day |
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Tri-County Suburban REALTORS® will be closed on Monday, February 17, 2025. The office will reopen at 8 am on Tuesday, February 18, 2025.
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Introducing New FOREWARN Community Hub |
The FOREWARN application gives Tri-County Suburban REALTORS® members the ability to have instant due diligence on prospects. In seconds, with as little information as a phone number or name, you can verify a prospect’s identity, criminal records, bankruptcies, liens, judgments, address history, and property records all in one place.
FOREWARN recently launched anew Community Hub to help agents make the most of their FOREWARN member benefit!
The FOREWARN Community Hub includes:
How to use FOREWARN: A quick guide to using FOREWARN.
Activation instructions: Four easy steps to set up your account if you haven’t already.
Search tips and FAQs: How to get the most out of the app and get answers to common questions.
Training sessions: Sign up for live training or watch the demo video.
Videos: Watch the product video to see how FOREWARN can help protect you and your business or watch a testimonial video to see how it has helped others.
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Inventory and Home Sales to Rise in 2025, Says NAR Chief Economist Dr. Yun |
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The National Association of Realtors® Chief Economist Dr. Lawrence Yun discussed his real estate forecast for the year during PAR’s webinar “Economic Issues and Home Sale Trends,” which included predictions on inventory, home sales, mortgage rates and more for this year.
Net Worth for Owners Increases
To start, Dr. Yun noted the overall increase of net worth for homeowners and the gap between homeowner wealth and renter wealth. In 2022, the median net worth of homeowners was $396,200, compared to that of renters at only $10,400. Dr. Yun estimated that 2024 data will show $415,000 for homeowners and $10,000 for renters.
“This shows the drastic difference between homeowners and renters in terms of wealth acquired over the years,” he said, encouraging Realtors® to share this data with potential homebuyers and first-time buyers.
Home Price Appreciation Up
“Pennsylvania is showing a 49% price appreciation from pre-COVID to the most recently available data, which is the third quarter of 2024,” Dr. Yun stated. “This is a dramatic growth in prices, and in such a short span of time.”
He noted that remote/hybrid work may be impacting home price gains, as more people who work remotely are choosing to buy property without the limitations of work logistics and commute considerations. However, with more employees returning to in-person work, this may change.
To hear more about Yun’s 2025 housing market forecast, view the webinar recording.
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Bright MLS: Success in an Uncertain Housing Market - Lessons from 2024, Insight for 2025
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As agents, staying ahead of market trends and being able to communicate these trends to your clients is essential for success. Bright Research provides REALTORS® with data-driven insights that translate complex market conditions into actionable strategies. Whether it's understanding buyer and seller behavior, navigating pricing trends, or making informed business decisions, the reports from Bright research ensures real estate professionals are equipped to serve their clients with confidence.
In their latest publication, members will find lessons from 2024 and insights into 2025 that provide a comprehensive recap of the housing market, data-informed insights into homebuyer and seller preferences in 2025, and wildcards and opportunities for the 2025 housing market. Click here for the full report.
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SRA: East Goshen Resumes Point-of-Sale Inspections
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As of Feb. 1, East Goshen Township has reinstated a requirement for point-of-sale inspections. The application for a Residential Property Transfer Application can be found here. The cost of the resale inspection is $150. There is also a separate sewer or septic certification ($15) and trash certification ($15). Applications must be complete, and 15 business days are needed by the township for processing. The township had stopped performing inspections in April 2024.
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