Philadelphia Inventory Surges 13.3%, Far Surpassing National Gain

Buyers gained meaningful leverage as fewer homes hit the market nationally, but Philadelphia bucked that trend hard. Active listings in the Philadelphia-Camden-Wilmington metro jumped 13.3% year-over-year, dwarfing the national gain of just 3.6%. That shift handed buyers more options and nudged negotiating power away from sellers.

Sellers thinking about listing faced a manageable field of competition despite rising overall supply. New listings edged up 1.4% year-over-year, a modest increase while the national figure actually slipped 0.1%. Fresh inventory stayed thin enough that a well-priced listing still stood out. Read more from Realtor.com.

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More New Yorkers Are Moving to Philadelphia Than Any Other City, According to New Report

With New York residents feeling the strain of high housing costs, many are looking to relocate to another city, and Philadelphia is now the most popular destination, writes Mary K. Jacob for New York Post.

This is according to a new report from StreetEasy, which reveals that Philadelphia is now the most popular metro area New Yorkers are looking to move to, officially surpassing Miami for the top spot. Read more from Philadelphia.Today.

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NAR Existing-Home Sales Report Shows 2.0% Decrease in August

Existing-home sales decreased by 2.0% month-over-month and 1.2% year-over-year, according to the National Association of REALTORS Existing-Home Sales report. The report provides the real estate ecosystem, including agents, homebuyers and sellers, with data on the level of home sales, price, and inventory.

Month-over-month sales held steady in the West and declined in the Northeast, Midwest and South. Year-over-year sales were unchanged in the South and declined in the Northeast, Midwest and West. Read more from the National Association of Realtors.

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Nearly 60% of the Great Wealth Transfer Is Concentrated in Just 10 States

For every dollar expected to change hands in the Great Wealth Transfer, 59 cents is tied to older homeowners in just 10 states, according to a new analysis.

The shocking figures raise the prospect that decades of geographically erratic housing gains are about to passed on to the next generation.

The study, released last week from LendingTree, estimates that homeowners already 65 or older could transfer about $17.2 trillion between 2026 and 2045. Of that, $10.2 trillion (59%) is concentrated in California, Florida, New York, Texas, Washington, New Jersey, Massachusetts, Pennsylvania, North Carolina, and Arizona. Read more from Realtor.com.

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Walkability Remains a Top Priority for Americans

Walkability has real market value, as 63% of Americans say they'd be willing to pay more to live in a community where they could easily walk to parks, shops and restaurants, according to the National Association of Realtors 2026 Community and Transportation Preferences Survey. 

In fact, the majority of respondents (59%) said that a walkable neighborhood would win over a larger home site that requires more driving. 

Moreover, the top walkable features they wanted included: 

1. Sidewalks and places to walk (89%) 
2. Location within walking distance of shops and parks (82%) 
3. A place to walk or exercise a pet (74%) 

Read more from the PA Association of Realtors.