TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Pending home sales in region up 9.1%, report says

Wednesday, Dec. 5, 2012, 1:52 p.m.
 

Pittsburgh's strong housing market continued in November as pending sales rose 9.1 percent over the same month last year, according to a report released on Wednesday.

There were 2,646 houses placed under sales agreements compared to 2,425 a year ago, said the West Penn Multi-List Inc.

Average home price reached $157,050, up 7.8 percent over $145,641 a year ago, but the number of houses listed for sale, at 2,123 was down 1.12 percent from the 2,147 a year ago.

”Buyers are taking advantage of more than appealing interest rates, and sellers are benefiting from the active market, smaller than normal inventory of homes for sale and increasing average sales prices,” said Barbara Kohl, West Penn's executive vice president.

 

 
 


Show commenting policy

Most-Read Stories

  1. Vermont’s Sanders considers run for president
  2. Steelers not receiving big returns on their offseason investments
  3. ‘Racy’ emails could stay hidden under Pennsylvania open records law
  4. McKeesport won’t waver after shutout loss to Penn-Trafford
  5. Steelers intrigued by athleticism of free agent Jones
  6. Ambitious few are turning lighthouses into living spaces
  7. Rossi: Given start, it’s time for Pitt to finish
  8. LaBar: WWE needs to pick its starter wisely
  9. Rare triple play sparks Pirates’ comeback victory over Cubs
  10. Man accidentally shoots himself in North Point Breeze
  11. Historical society seeks to grow interest in county museum, library
Subscribe today! Click here for our subscription offers.