TribLIVE

| Business


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

Pending home sales in region up 9.1%, report says

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Sam Spatter
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.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Stories

  1. Spirit Airlines to add daily flights from Arnold Palmer airport to Chicago
  2. Blue Jays’ Martin has ‘nothing but praise’ for former Pirates teammates
  3. Penguins need trade-deadline acquisitions to bring toughness
  4. Rossi: Pirates’ post-Martin plan comes with a catch or 2
  5. As tastes change, food giants try hipster guises
  6. ‘Big Mo’ ranks with A-K’s gridiron greats
  7. Unity planners OK proposal for Route 30 retail development
  8. Oil glut forces producers to seek out more storage tanks
  9. CMU grad’s FunBites make healthy food appeal to kids
  10. Penguins notebook: Team exercising caution with Ehrhoff’s return from concussion
  11. Local lawmakers question Wolf’s budget plan