Pittsburgh Real Estate Market News
It has been a season of ups and downs for the Pittsburgh area real estate; however, October showed signs of a turnaround as last-minute buyers apparently scrambled to take advantage of the $8,000 federal tax credit that was originally set to expire in November.
Pittsburgh home sellers will be excited to learn that buying activity in Allegheny County jumped 18.1 percent in October, resulting in $227.1 million spent on housing, as compared with October 2008’s $192.3 million.
The substantial jump in Allegheny County sales, combined with a 6.4 percent increase in Westmoreland County, offset modest drops in Beaver, Butler and Washington counties to boost the five-county region 9.7 percent. Those of you searching for a Pittsburgh area home can request the Pittsburgh home buying guide to learn more details and tips on home buying in our areas right now.
Other questions about the Pittsburgh real estate market? Simply contact me, Jim Dolanch, your expert Pittsburgh real estate agent to find all your answers.
Until next time,
Jim
