W.Pa. housing market shows continued strength
PITTSBURGH – West Penn Multi-List Inc. said Wednesday the local housing market continues to show strong activity, according to its survey of the first three quarters of sales activity in 2017.
“Those looking to buy or sell a home in Western Pa. this holiday season will experience favorable market conditions,” said George Hackett, current president of West Penn Multi-List, Inc., and president of Coldwell Banker Real Estate Services, Pittsburgh. “Housing choices during late fall are generally healthy, and there are benefits to buying at year’s end.”
When comparing January-October 2017 with the same time period in 2016:
• Closed sales are up 2.96 percent (24,045 units in 2017 versus 23,353 in 2016);
• Closed sales volume is up 6.05 percent ($4,398,720,165 in 2017 versus $4,147,889,801 in 2016);
• Average sale price is up 3.00 percent ($182,937 in 2017 versus $177,617 in 2016); and
• Home listings are up 0.64 percent (29,001 units in 2017 versus 28,816 in 2016).
West Penn Multi-List, Inc. tracks residential real estate sales in Allegheny, Armstrong, Beaver, Butler, Cambria, Clarion, Crawford, Fayette, Greene, Indiana, Jefferson, Lawrence, Mercer, Somerset, Venango, Washington and Westmoreland counties. For more information, visit http://www.westpennmls.com/.