TribLIVE

| Business


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

Pending home sales in region up 9.1%, report says

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. Steelers cut linebacker Kion Wilson, sign cornerback Toler
  2. Five questions facing Steelers entering training camp
  3. Small plane goes down near Grove City
  4. Route 22 accident in Monroeville causes traffic jam
  5. Suspended Penn-Trafford teacher charged with stalking student
  6. 1 hurt in Mt. Lebanon fire on Bower Hill Road
  7. Pirates’ Melancon has been consistent since moving into closer’s role
  8. North Huntingdon woman charged with threatening to burn down officer’s house
  9. Baby girl dies when run over by pickup truck in Indiana County
  10. Man shot in domestic incident collapses near Washington County bar
  11. Real estate executive Hanna’s gifts target needy Western Pa. families
Subscribe today! Click here for our subscription offers.