🍂 November in Philly: Rate Relief, Market Shifts, and End-of-Year Opportunities

Happy November, Philly! The air is crisp, the stoops are covered in leaves, and the real estate scene is showing signs of movement in a surprisingly steady fall season. With mortgage rates dipping, a new City Council expected to be seated after this week’s election, and a growing number of price adjustments on listings, opportunity is back on the table. Calling all smart buyers, strategic sellers, and investors who know timing is everything!

Let’s unpack what’s shaping the Philadelphia housing market this month and how Shqiponja Likaj Realty keeps you ahead of the curve. 👇

🗳️ Election Week & Local Policy Watch

Philadelphia’s municipal elections on November 4 will finalize new leadership in several city positions that directly influence real estate—zoning, property tax reform, and neighborhood investment. 

Why it matters:

Once results are finalized, we’ll share a full “post-election housing outlook” on our social channels—stay tuned!ble homes, we’ll be happy to refer you to attorneys that will take on this appeal for you. 

City officials play a major role in approving development incentives and tax abatement extensions.

New council initiatives are rumored to focus on expanding affordable housing grants and streamlining small-landlord licensing, which could benefit local owners and first-time buyers alike.

📊 Market Snapshot: Inventory Is Creep­ing Up, But Growth Remains Modest

Recent data for the Philadelphia market reveal:

• The average home value in Philadelphia stands around $232,443, up about 3.1% year-over-year. 
• Active inventory is increasing gradually—giving buyers a bit more choice, though the market remains tight.
• Days on market are creeping up slightly, giving sellers and buyers alike a little more breathing room than the frenzied pace of prior years.

What this means for you:

Investors: A steady market presents opportunity—particularly in neighborhoods with long-term growth potential rather than instant flips.

Sellers: You’re still in a strong position—but pricing, condition, and presentation matter more than ever.

Buyers: The landscape is slightly more forgiving—take advantage of broader choice and negotiate wisely.

🔍 Local “Watch” Zones: Neighborhoods Poised for Strength

Keep your eyes on these Philadelphia segments:

• Transit corridors and neighborhoods near major development projects often out-pace the broader market.
• Given the slower pace in luxury listings and contrasting strength in mid-market homes, well-priced and well-located homes are likely to stand out. 
• With inventory slowly rising, early action in emerging micro-markets may capture better value.

💕 Why Shqiponja Likaj Realty Is Your Strategic Ally This November

• Political Savvy: We track how city governance changes may impact zoning, tax relief, and neighborhood policy—keeping you ahead of the curve.
• Local Market Intelligence: Whether it’s revised inventory dynamics or older-home complexity, we translate market signals into actionable advice.
• End-to-End Support: From inspections through closing, our client-first model ensures you’re equipped, protected and positioned for value.
• Philadelphia Roots: We understand local nuances—neighborhood by neighborhood, block by block. That’s your advantage.