Market Reports

Jet Fuel Found in Another Upper Makefield Well: What Bucks County Buyers and Sellers Need to Know

By Josh McKnight | The McKnight Team Jet fuel has been detected in another private well in Upper Makefield Township’s Mount Eyre area. This is the same neighborhood where a Sunoco pipeline leak went undetected for more than 16 months before being discovered last year. A monitoring well used by the pipeline companies also tested positive on April 1. At least a dozen residential wells in this area have...

Bensalem School District Cuts 31 Positions: What It Means for Bensalem Home Buyers and Sellers

By Josh McKnight | The McKnight Team The Bensalem Township School Board just voted to eliminate 31 positions for the 2026-2027 school year. The list includes elementary teachers, special education teachers, librarians, guidance counselors, and nine administrative roles. The district is staring down a $12 million budget shortfall, and even after these cuts and some bond restructuring, there is still a...

Lower Merion School District’s Proposed 3.5% Tax Hike: What Ardmore and Main Line Homeowners Need to Know

By Josh McKnight | The McKnight Team Lower Merion School District is proposing a 3.5% property tax increase for the 2026-2027 school year. That is the maximum allowed under Pennsylvania’s Act 1 Index. For a median-assessed home at $250,680, the tax bill would climb from $8,841 to $9,150. An extra $309 a year. The district is closing a budget gap of just over $9.5 million, with the school board...

PECO Drops Its Rate Hike Request. Here’s What That Means for Homeowners and Buyers in the Philadelphia Suburbs

By Josh McKnight | The McKnight Team PECO just blinked. Pennsylvania's largest utility company, which serves 1.7 million customers across southeastern Pennsylvania, had been seeking a 12.5% increase in residential electric rates and an 11.4% increase for residential natural gas customers. Under pressure from Governor Josh Shapiro and state legislators, PECO announced it is withdrawing both requests....

Two Massive Data Centers Are Proposed in Limerick Township. Here’s What That Means for Montgomery County Buyers

By Josh McKnight | The McKnight Team Limerick Township is at the center of one of the biggest land use debates in Montgomery County right now. Two separate proposals would put more than three million square feet of data center development on either side of Route 422, one on the former Publicker Distillery site along Main Street and another directly across from the Philadelphia Premium Outlets. Add...

Abington, PA Real Estate: What Buyers Need to Know in 2026

By Josh McKnight | The McKnight Team Abington Township does not make a lot of noise. It doesn't need to. Buyers find it on their own once they start doing the math — good housing stock, a manageable commute into the city, and a price point that still makes sense compared to what's available closer to Philadelphia. Right now, that combination is creating real competition, and anyone shopping here...

Springfield Township Is Cutting Property Taxes. What Delaware County Homeowners Need to Know

By Josh McKnight | The McKnight Team Springfield Township in Delaware County just enacted a new 1% earned income tax, effective July 1. That is not the headline. The headline is what comes with it: the township commissioners have committed to cutting property taxes by nearly 20% in 2027. For homeowners and buyers paying attention to the Delaware County real estate market, that combination deserves a...

Upper Moreland Township, PA Real Estate: What Buyers Need to Know in 2026

By Josh McKnight | The McKnight Team The Upper Moreland Township housing market is moving fast and staying tight. According to Bright MLS data pulled in April 2026, the median sold price in Upper Moreland Township ran $444,900 over the November 2025 through March 2026 period, with homes averaging just 30 days on market. That's not a slow suburban market. That's a market where prepared buyers win and...

Franklin Mills Is Being Torn Down. Here’s What It Means for Northeast Philadelphia Real Estate

By Josh McKnight | The McKnight Team The mall most Philadelphians still call Franklin Mills is under contract to be sold. Developer Dean Adler has confirmed plans to transform the 137-acre site in Northeast Philadelphia into a major youth sports destination with workforce housing, restaurants, a hotel, and a water park. At least part of the 1.6-million-square-foot mall will be demolished. The rest may...

PECO Just Filed for a 12.5% Rate Hike. Here’s What It Means If You Own a Home in the Philadelphia Suburbs

By Josh McKnight | The McKnight Team PECO Energy filed a request with the Pennsylvania Public Utility Commission on March 30 seeking a $429 million rate increase that would raise the average residential electric bill by $20 per month and natural gas bills by about $14.50 per month starting January 1, 2027. For customers who get both electricity and gas from PECO — which covers most of Montgomery,...