The residential market continued to show signs of strength throughout the Philadelphia region as low interest rates and an improving economy helped lift the housing sector, according to a year-end report by Berkshire Hathaway HomeServices Fox & Roach.
The pace at which houses sold was at the fastest in three years, according to the firm's HomeExpert report. The amount of time a house lingered on the market was down. Properties stayed on the market an average of 78 days last year compared with 83 days in 2013 and 98 days in 2012. Inventory also declined to 42,859 properties compared with 45,110 in 2013.
Overall sales were nominally down by 0.6 percent though sales decreased for seven of the 12 counties in the region. For
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