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

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. Ohio woman shot to death nearly 3 days before police find body in Neshannock home
  2. Panthers fall to Hawaii in game they were expected to win
  3. Tire comes off, hits oncoming car, kills 1 on Route 28
  4. Steelers’ Wheaton embraces expanding role
  5. Fleury denied 300th win as Penguins lose to Islanders in shootout
  6. 7 arrested in Latrobe-area drug dealing
  7. Emergency personnel battle fire at Whitehall apartment complex
  8. Crowds pack Downtown Pittsburgh to enjoy Light Up Night festivities
  9. Pine-Richland tops defending champ Central Catholic to capture WPIAL title
  10. Central Valley beats rival West Allegheny to win WPIAL Class AAA championship
  11. For 1 night on stage, embattled Cosby his old self
Subscribe today! Click here for our subscription offers.