Oct 17, 2016 1 min read

PITTSBURGH — The residential real estate market is heating up, according to West Penn Multi-List, Inc. and its monthly residential real estate report.

“All major indicators are on the rise compared to last year at this time,” said Ron Croushore, current president of West Penn Multi-List, Inc., and owner and CEO of Berkshire Hathaway Home Services The Preferred Realty, Pittsburgh.

When comparing January-September 2016 with the same time period in 2015 the organization noted the following trends:

• Closed sales are up 2.25 percent (18,863 units in 2016 versus 18,448 in 2015);

• Closed sales volume is up 2.28 percent ($3,500,362,732 in 2016 versus $3,422,405,973 in 2015);

• Average sales price is up 2.38 percent ($180,843 in 2016 versus $176,645 in 2015); and

• New listings are up 1.15 percent (29,092 units in 2016 versus 28,761 in 2015).

“Now is still a good time to buy or sell a house, especially before the winter weather is upon us,” Croushore said.

West Penn Multi-List, Inc., provides residential real estate information for its 17-county service area — Allegheny, Armstrong, Beaver, Butler, Cambria, Clarion, Crawford, Fayette, Greene, Indiana, Jefferson, Lawrence, Mercer, Somerset, Venango, Washington and Westmoreland counties. For more information, visit http://www.westpennmls.com/.