Better jobs and higher rents are pushing more young Philadelphians to buy homes in the city's downtown. With the median home price of $203,600 near the national average, and a new energy to rebuild and rehab downtown neighborhoods, it is no wonder sales are up dramatically.
"Millennials are moving into town," said Mike McCann, a 28-year veteran of the Philadelphia housing market, and a real estate agent with Berkshire Hathaway Home Services, Fox & Roach. "They are moving into Center City, into downtown, because of lifestyle. They don't want to live out in the 'burbs. They don't want to drive."