Pittsburgh Real Estate Market Trends

Home Prices Build to New Peaks in Dozens of US Markets.  

As recent news has shown, Pittsburgh Real Estate Market Trends are looking up.  Home prices were in the rise in Pittsburgh and other major cities according to an article written by Julie Schmit, in USA TODAY  on October 9, 2012.

U.S. home prices begin to edge up after largely falling for years and new data shows prices in a smattering of cities are already at all-time highs!  More than 100 metropolitan areas hit their peak home prices in July and a few did in June, according to data through July from mortgage tracker Lender Processing Services. Those areas include Pittsburgh and Anchorage. Another 50 areas are within 2% of their previous peaks, LPS’ home price index shows. Examples: Austin; Denver and Boulder, Colo.; Indianapolis; and Portland, Maine.  Click here to view the entire article.

The Pittsburgh real estate market has always been a very stable market and it’s no big surprise to me and other Realtors that prices of Pittsburgh real estate is on the rise.  It’s harder for buyers to appreciate that it’s NOT a buyers market any more and to fully understand prices have gone up.  There is a lot of competition for properties in the City of Pittsburgh neighborhoods like Squirrel Hill, Shadyside, Regent Square, Downtown Pittsburgh and other areas.   With low inventory, low interest rates and more demand I expect prices of Pittsburgh real estate will continue to increase in these and other areas.

for the latest information on Pittsburgh Real Estate Market Trends contact Realtor Liz Caplan.

Having the most up-to-date information regarding Pittsburgh Real Estate Market Trends makes you a better home buyer and a better home seller.  Take advantage of the information provided as the market changes by getting a free consultation today.  Liz Caplan is a proud part of The Caplan Group Keller Williams team with offices in Shadyside, PA, near Squirrel Hill.

Tags: , , , , ,