November 2017 Real Estate Update
We know it’s already a few days into the month of November 2017, but we knew you would probably be busy with our last blog about November 2017 Events and Festivals in the Greater Pittsburgh Area. If you’ve been thinking about buying a Pittsburgh area home or selling during the fall or upcoming winter months, then this blog will be a good resource for you! You can take a look at how some areas in the greater Pittsburgh area are doing and how the city of Pittsburgh overall are doing n the real estate industry.
According to these charts, with data taken from the West Penn Multilist, it looks like October 2017 saw increases in new listings in a number of different areas. The only area that saw a slight increase in sold listings was Bethel Park. Cecil Township also saw one of the biggest jumps in average sold price from September 2017 to October 2017.
So how do these South Hills areas of Pittsburgh statistics compare to the city of Pittsburgh? According to the Pittsburgh Post-Gazette (PPG), Pittsburgh’s median home value is $125,400 – which is lower than the average sales prices of all areas in the charts above and the national average of $201,900. This article continues to list a number of “buyer-friendly” areas in the Pittsburgh region including: Butler Township, Penn Township, North Strabane Township, Hampton Township and Peters Township!
National Real Estate Statistics:
- October 2017’s projected home sales decreased 1.8% to 5.3 million from 5.4 million in September 2017.
- October 2017’s national median home price also decreased 1.8% to $254,000 from $258,000 in September 2017.
- However, that is up 5.6% from October of last year.
- 30-year fixed mortgage rate is down 3.83% from last month according to our source.
So while the Pittsburgh market and the national market seem to have similar trends, our team is dedicated to making sure you find the home of your dreams. And if you’re thinking about selling this fall or winter, our cutting edge marketing campaigns sets us apart from the rest!
Real Estate Needs? We Can Help!
As you can see, whether you’re looking sell a home or buy a homein the Pittsburgh real estate market this fall 2017, we can assist! Don’t hesitate to contact us by calling the office at 724-941-8680 ext. 208 or calling/texting directly at 724-288-8800!
Until Next Time,
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