As we begin to close the 2012 Pittsburgh Wexford and Gibsonia real estate market, I wanted to pin out some interesting facts and figures. If you are “still” on the fence about buying a home, waiting for the home prices come down; right now home prices in the Pittsburgh North slowly increasing.
In this Blog I’m going give you some general facts and figures, however, if you are interested in getting more specific information about an particular area, please email me or call me directly.
For Allegheny County, up to November, in 2011 there were 17,351 new listings, in 2012 there were 17,924, an increase of 9%. In 2011 there were 9,934 homes that sold, in 2012 11,066 sold, an increase of 11.40%.
The average days on the market in Allegheny County decreased from 95 days in 2011 to 89 in 2012. The average price point went from $165,956 in 2011 to $173,295 in 2012, an increase of 4.42%.
For Butler County, same time frame, in 2011 there were 2,480 new listings, in 2012 there were 2,432, a decrease of 1.94%. In 2011 there were 1,452 homes that sold, in 2012 1,640, an increase of 12.95%
The average days on the market in Butler County decreased from 97 days in 2011 to 83 in 2012. However, the average price point in Butler County is much higher than Allegheny County, it again continues increased from $226,732 in 2011 to $242,020 in 2012, an increase of 6.74%.
If you are a Buyer this should make you want to call your Realtor and plan to buy in 2013 because Home Prices are on the raise, which means you could be paying a little more in 2013. However, the lower interest rates will help keep your monthly payment low!
The average dollar volume is slowly increasing, so Sellers you may want to do some planning by preparing your home for the market and interviewing a Full Time productive Realtor with a consistent track record as a Seller’s Agent.