Western Pennsylvania’s residential market is demonstrating that 2016 is closing out with a healthy upswing over the year before, with modest upticks in all major sales indicators.
That’s according to a new report by the West Penn Multi-List, Inc., which tracks a 17-county region in western Pennsylvania.
Compared to the first 11 months of 2015, the Pittsburgh area’s housing market so far this year has experienced:
- an increase in closed sales of 4.7 percent (25,831 homes to 24,671);
- an increase of a little more than 3 percent in closed sales volume ($4,307,319,028 to $4,180,943,737);
- average sales increasing 2.12 percent ($179,858 to $176,117);
- a slight 0.58 percent uptick in new listings (35,508 to 35,302) [Read More at Bizjournals…]