"One of the reasons people move here is we have excellent medical facilities, that makes people want to be here and it makes them feel like they're in good hands, she said. We're not seeing prices climb as high here as other places, and it's hard to point to one or a few reasons why that is. We've had a lot of building and improvement lately, too."
"Pittsburgh posts a 35.5 Market Action Index (MAI), placing it in seller-leaning territory as the market carries just 2.5 months of inventory. MAI is HousingWire Data's proprietary measure of market heat that ranges from 0100 and gauges the balance between supply and demand. The metro also reports a strong 10.2% weekly absorption rate the highest among key metros reviewed and a 4.4% year-over-year price gain, signaling healthy and sustainable appreciation."
Pittsburgh posts a 35.5 Market Action Index (MAI), placing the market in seller-leaning territory with just 2.5 months of inventory. MAI is a proprietary measure of market heat that ranges from 0 to 100 and gauges the balance between supply and demand. The metro records a 10.2% weekly absorption rate—the highest among key metros reviewed—and a 4.4% year-over-year price gain, signaling healthy, sustainable appreciation. Homes average 63 days on market and nearly half of active listings take price cuts, yet sellers maintain leverage due to tight supply. Demand is supported by low prices, strong medical facilities, improved roads, and recent construction.
Read at www.housingwire.com
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