home sales

Jake Savitz / 90.5 WESA

The Pittsburgh-area housing market is booming, according to new data from West Penn Multi-List, which collects real estate data from 17 counties in southwestern Pennsylvania.

Western PA Home Sales Up In 2016, So Far

Aug 19, 2016
John Bazemore / AP

  

Western Pennsylvania home sales were up in the first seven months of 2016.

A new report from West Penn Multi-List indicates that sales were up 2.2 percent between January and July. Though it’s an overall positive sign, there’s also a downside said Ron Croushore, President of West Penn Multi-List and owner and CEO of Berkshire Hathaway Home Services.

“The negative there is there is not enough inventory,” Croushore said. “We need more homes for people to look at.”

Dan Moyle / Flickr

  Southwestern Pennsylvania experienced a summer surge in home listings this year, according to a report by West Penn Multi-List, Inc.

More homes in the Pittsburgh area were purchased in June compared to a year ago. They sold more quickly and at a higher price, according to a report from the West Penn Multi-List, which tracks the housing market.

The average sale price was about $200,000 and the homes were on the market for an average of 112 days — 35 fewer than this time last year. The number of homes put up for sale in June increased by 3.6 percent last month compared to June 2014.