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Real Estate / The Ticker

Southwestern Pennsylvania home sales increase

Average days on the market drop

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Home Sales in the southwestern Pennsylvania region experienced double-digit increases, while the average days on the market fell significantly from last year, listing service West Penn Multi-List, Inc. said.

New listings increased 3.94%, from 3,425 in August 2012 to 3,560 in August 2013 within the covered region. Additionally, the average home sale price increased 2.64% to $177,901 from $173,324 for the same period a year ago. West Penn Multi-List had this to say about the recovery:

"This is good news for the housing market in southwestern Pennsylvania," said George Hackett, current president of the West Penn Multi-List explained.

"Since housing inventory is tight in our region, homes are selling more quickly," he added. 

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