We are delighted to share with you the Compass PA & NJ Market Reports. At Compass, our mission is to help find your place in the world, and we believe that understanding housing market trends is a vital step towards realizing your homeownership goals.

In 2023, there was a significant reduction in the number of transactions and a modest decrease in sales volume, along with an increase in median pricing. Rising interest rates have impacted home sales, constraining certain buyer segments and leading to fewer listings, as sellers were hesitant to forfeit favorable interest rates.

Despite these challenges, the demand, especially for sought-after properties, remained vigorous, contributing to an escalation in property values.

We look forward to helping you find your place in the world.