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8980 Perry Highway
Pittsburgh, Pennsylvania 15237
West Penn Multi-List, Inc. provides multiple listing services and state of the art programs to our broker subscribers and their agents. These programs are offered to stay current with advancing technology and enhance the professionalism of the brokers and ... more
Executive Vice President
North Suburban Multi-List, Inc.
Hippopie Career Center
A comparison of April 2012 to April 2013 data for the 13-county region the West Penn Multi-List serves shows new listings increased 4.92 percent (3,818 homes versus 4,006), and residential homes placed under agreement increased 17.24 percent (3,574 homes versus 4,190).
For the same time period, average home sale price increased 1.48 percent ($161,541 to $163,935), and average days on market decreased 7.48 percent (107 versus 99 days).
"We're pleased to see more people listing their homes for sale in our region, since we have such an active home-buying market," Kohl said.
"Homes are selling more quickly than we've seen in years, which bodes well for those who are interested in selling."
When comparing January - April 2012 data with the same time period in 2013, new listings decreased 2.24 percent (12,645 homes versus 12,362), and residential homes placed under agreement increased 11.46 percent (11,823 homes versus 13,178).
For the same time period, average home sale price increased 3.35 percent ($152,885 to $158,004), and average days on market decreased 8.26 percent (109 versus 100 days).
"Based on this latest information, my advice to homebuyers is to 'act fast' if they see a home that's of interest to them, and my advice to potential home sellers is to 'list soon' to take advantage of the active summer months," Kohl said.
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