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Pittsburgh housing market defies national slowdown
In June, there were 2,604 closed home sales here — up from 2,476 in June 2024, a 5% increase
Pittsburgh Post-Gazette link: https://www.post-gazette.com/business/money/2025/07/16/pittsburgh-housing-market-mortgage/stories/202507150016
While the national housing market is stuck in neutral — crippled by record unaffordability and sluggish sales — Pittsburgh’s real estate activity is showing strength few other metros can match.
A new report from Harvard University’s Joint Center for Housing Studies paints a bleak picture of the U.S. housing landscape, as sales nationwide have fallen to a 30-year low. And affordability is likely to get worse before it gets better. But in Western Pennsylvania, the story is dramatically different. Pittsburgh’s housing market is outperforming across the board. This isn't the first time Pittsburgh has bucked national trends.
“Our real estate market has never gone crazy high or crazy low — like stocks. It just putters along like a passbook savings account,” said Charlene Haislip, a ReMax real estate agent in Squirrel Hill. According to the latest data from West Penn Multi-List, the Pittsburgh region has actually seen more homes sold this year than last.
.... And it’s not just rising home prices and home sales. Pittsburgh’s housing market has improved across every key metric. The region — both year over year and year-to-date — has posted increases in active listings, new listings, closed sales, contingent sales and overall sales volume, which increased from $748 million in June 2024 to $830 million in June 2025, according to West Penn Multi-List data.
- more at link -
A new report from Harvard University’s Joint Center for Housing Studies paints a bleak picture of the U.S. housing landscape, as sales nationwide have fallen to a 30-year low. And affordability is likely to get worse before it gets better. But in Western Pennsylvania, the story is dramatically different. Pittsburgh’s housing market is outperforming across the board. This isn't the first time Pittsburgh has bucked national trends.
“Our real estate market has never gone crazy high or crazy low — like stocks. It just putters along like a passbook savings account,” said Charlene Haislip, a ReMax real estate agent in Squirrel Hill. According to the latest data from West Penn Multi-List, the Pittsburgh region has actually seen more homes sold this year than last.
.... And it’s not just rising home prices and home sales. Pittsburgh’s housing market has improved across every key metric. The region — both year over year and year-to-date — has posted increases in active listings, new listings, closed sales, contingent sales and overall sales volume, which increased from $748 million in June 2024 to $830 million in June 2025, according to West Penn Multi-List data.
Unlike other areas east, north and west of us, the prices for first-time homebuyers is surprisingly affordable in Pittsburgh. The houses are older, the neighborhoods are stable and safe. Schools are good and plentiful, the availability of city parks and greenspaces is excellent. Because home-pricing is relatively stable here, nobody makes a killing by selling their house after a few years, and that could be considered a drawback for some.
