Philly real estate isn't poised for a 2023 crash

2. Demand will pick up from regular folks — and investors.

• "Higher interest rates took some buyers out of the market, however I am already seeing many come back," he says.
• Investors will be active in Philly in 2023, too. Philly, Rosenthal says, has a lower cost of entry than other markets, which makes it ripe for investors.

3. Prices will hardly change.

• Because supply is still so low, prices will only come down slightly. "I expect that to continue until the spring," Rosenthal says.