Pittsburgh, PA housing market

Pittsburgh sellers are aiming high this June, and the market is quietly pushing back. The median list price sits around two hundred eighty-four thousand dollars, while the typical home value has slipped to about two hundred thirty-two thousand dollars, down 3.7 percent over the past year. That gap is where deals are getting renegotiated. Nearly one in five listings has already taken a price cut. There are roughly one thousand eight hundred thirty homes for sale, with about 930 new listings coming on, so buyers have plenty to compare before they commit. And homes are taking about 44 days to sell, long enough that an overpriced listing goes stale before it gets a serious offer. Here is what it means if you own a home here. The market is not in free fall, but it is drifting down, and buyers know it. If you are selling, price to the value side of that gap, not the list side. The Pittsburgh sellers who price right from day one are the ones actually moving.