The Housing Market is Heating Up in Southwestern Pennsylvania - KMPH FOX 26 | Central San Joaquin Valley News Source

The Housing Market is Heating Up in Southwestern Pennsylvania

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE West Penn Multi-List, Inc.

PITTSBURGH, July 9, 2014 /PRNewswire/ -- It's not just the temperature that is rising in Southwestern Pennsylvania this summer. According to the June 2014 residential real estate report from the West Penn Multi-List, Inc., most major indicators increased last month.

"We are finally starting to replenish our inventory of houses for sale in the area," said George Hackett, current president of the West Penn Multi-List, Inc., and president of Coldwell Banker Real Estate Services, Pittsburgh. "There has been a demand for houses, but we just haven't had an increase in new listings this year until now."

A comparison of June 2013 to June 2014 data shows:

  • New listings increased 10.32 percent (3,742 homes in June 2013 versus 4,128 in June 2014);
  • Residential homes placed under agreement increased 8.14 percent (3,880 homes in June 2013 versus 4,196 in June 2014);
  • Average home sale price increased .63 percent ($186,627 in June 2013 versus $187,806 in June 2014); and
  • Average number of days on the market decreased 1.25 percent (80 days in June 2013 versus 79 days in June 2014).

"It's encouraging to see new listings increased in 12 out of the 13 counties serviced by the West Penn Multi-List, Inc.," Hackett continued. "People are buying what's out there, so having additional houses on the market will afford home-seekers more options."

When comparing January – June 2014 data with the same time period in 2013:

  • New listings decreased .74 percent (20,248 homes versus 20,098);
  • Residential homes placed under agreement decreased 1.14 percent (20,484 homes versus 20,250);
  • Average home sale price increased 1.21 percent ($167,155 to $169,181); and
  • Average number of days on the market decreased 3.19 percent (94 versus 91 days).

The numbers in this report represent the 13-county area serviced by the West Penn Multi-List, Inc., the definitive source for real estate information for its service area – Allegheny, Armstrong, Beaver, Butler, Washington, Westmoreland, Fayette, Greene, Clarion, Lawrence, Mercer, Somerset and Indiana Counties.

CONTACT: Kristen Laney O'Toole
KLaney@laneycommunications.com
412-327-2907

©2012 PR Newswire. All Rights Reserved.

  • Local NewsLocal NewsMore>>

  • How To Spot A Fake Debt Collector

    How To Spot A Fake Debt Collector

    If a debt collector comes calling, you should go researching. That's the new advice coming from Yahoo! Finance to avoid getting scammed.Even if you get swindled, you're still on the hook to a real debt collector! That's the law.One way to spot a fraud is to look at how old the debt is. If it's 10 to 15 years old, chances are there aren't grounds for a lawsuit.Mandi Woodruff of Yahoo! Finance recommends, “Another way you can tell if you're dealing with a fraud or not is to look at the name of ...More >>
    If a debt collector comes calling, you should go researching. That's the new advice coming from Yahoo! Finance to avoid getting scammed.Even if you get swindled, you're still on the hook to a real debt collector! That's the law.One way to spot a fraud is to look at how old the debt is. If it's 10 to 15 years old, chances are there aren't grounds for a lawsuit.Mandi Woodruff of Yahoo! Finance recommends, “Another way you can tell if you're dealing with a fraud or not is to look at the name of ...More >>
  • Peanut Allergies No More!

    Peanut Allergies No More!

    Good news for the three million Americans who are allergic to peanuts.Researchers at North Carolina A T's School of Agriculture developed a new technique to remove peanut allergens.They say shelled and skinless peanuts can be treated with an enzyme that breaks down certain proteins that can trigger food–related allergies.Researchers say the process does not change the peanut's shape or shelf life.For more info, click HERE for the USDA info.More >>
    Good news for the three million Americans who are allergic to peanuts.Researchers at North Carolina A T's School of Agriculture developed a new technique to remove peanut allergens.They say shelled and skinless peanuts can be treated with an enzyme that breaks down certain proteins that can trigger food–related allergies.Researchers say the process does not change the peanut's shape or shelf life.For more info, click HERE for the USDA info.More >>
  • Church in Northwest Fresno Vandalized

    Church in Northwest Fresno Vandalized

    Police are looking for the vandal that left the walls and front door of a northwest Fresno church spray painted. An administrator at St. Anthony of Padua church discovered the graffiti Saturday morning when arriving to work.One of the churches front doors and the walls around it had been spray painted with bizarre images and words.If you have any information that could help police identify the person who did this, call the Fresno Police Department at 559-621-7000.More >>
    Police are looking for the vandal that left the walls and front door of a northwest Fresno church spray painted. An administrator at St. Anthony of Padua church discovered the graffiti Saturday morning when arriving to work.One of the churches front doors and the walls around it had been spray painted with bizarre images and words.If you have any information that could help police identify the person who did this, call the Fresno Police Department at 559-621-7000.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.