West Penn Multi-List Inc.'s report found the first six months of the year to have shown an increase in residential real estate sales, with closed sales, closed sale volume, average sale price, and the number of homes sold all going up. The only challenge, according to West Penn Multi-List Inc.'s President Ron Croushore, is supply, as home listings are down.
- Closed sales are up 3.24 percent (13,682 units in 2017 versus 13,252 in 2016)
- Closed sales volume is up 5.34 percent ($2,441,128,758 in 2017 versus $2,317,284,476 in 2016)
- Average sale price is up 2.03 percent ($178,419 in 2017 versus $174,863 in 2016)
- Home listings are down 0.28 percent (18,433 units in 2017 versus 18,485 in 2016)
To learn more about these facts and figures, please read this article.