Pittsburgh Housing Market

Katie Blackley / 90.5 WESA

Housing prices in the Pittsburgh region are growing more slowly than the national market, a trend that is expected to continue in 2018.

 

According to Trulia's chief economist Ralph McLaughlin, Pittsburgh-area home prices grew just more than 4 percent in the second half of 2017, which was slower than the national market’s 7 percent growth. McLaughlin said that’s because our local population is stagnant.

 

Matt Rourke / AP

The demand for new apartments in Philadelphia and Pittsburgh has grown swiftly over the last few years. Developers have met that demand with a tremendous amount of construction, said Barbara Byrne Denham, senior economist at Reis, a real estate data and analytics company based in New York.