Pending home sales in region up 9.1%, report says
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Penguins missing Martin, Ehrhoff, Adams; prized prospect Pouliot called up
- EPA says it won’t regulate coal ash as hazardous waste
- Pittsburgh police break up customer fights over Air Jordan 11 shoes
- Undersized Beachum quietly excels at 1 of game’s pivotal positions
- Steelers notebook: Polamalu, Taylor unlikely to play, Harrison ‘ready’
- Madonna releases 6 songs after leak
- As smokers seek Cuban cigars, retailers point to trade embargo
- Michigan State defensive coordinator a Pitt coaching candidate
- Pitt’s acting athletic director is deft facilitator
- Pitt: Football coach hire comes 1st, athletic director 2nd
- Man involved with crash with officer dies in Pittsburgh hospital