West Penn Multi-List Inc.

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More homes sold and more quickly in the Pittsburgh region in the third quarter of 2015 compared to the previous year, according to the latest residential real estate report from West Penn Multi-List, Inc.

Compared to the 2014 third quarter, the number of homes for sale increased by 8.8%, the number of homes sold increased 8.2%, and average sales price increased 1.7%. The number of days on the on the market decreased by 2.8% to an average of 70 days.

  The housing market made up for the rocky start for the Western Pennsylvania region in 2014, according to a year-end report.

West-Penn Multi-List, Inc. says the 13-county area’s home sale prices from January-December 2014 increased by 3 percent ($5,093) from the same period in 2013. New listings also increased by 1.5 percent (570 listings) this past year.

AP Photo/Gene J. Puskar

The housing market in the 13-county Pittsburgh region is showing “steady progress’ going into 2015, according to Tom Hosack, president of the West Penn Multi-List.

“We project the market will be up, probably the high single digits (percentage increase) and we think that steady increase is exactly what we need. When things jump at some point you have to pay the piper. So we want just steady growth,” Hosack says, not volatility.

After a particularly rough winter, the real estate market in southwestern Pennsylvania began to heat up this summer, and according to a September report from the West Penn Multi-List, Inc., the numbers are continuing to strengthen.

The number of new home listings in September (3,327) increased 8.83 percent in comparison to the number from September 2013. Residential homes placed under agreement and average home sale price also increased, a sign that houses are moving and the market is healthy.

The region’s real estate market in February tumbled compared to the same time in 2013, but many who keep track of the market say a lot of that dip had to do with the weather.

“Look at what we experienced last year in early spring, great weather, everybody was out and about,” said Barbara Kohl, West Penn Multi-List Chief Operating Officer. “This year it was total devastation, freezing rain, sleet, tons of snow. It’s really tough to get people motivated and moving to go out to open houses, and even look at homes, when the weather is so bad.”

The number of homes for sale in the 13-county southwestern Pennsylvania region is not keeping pace with the number of people looking to buy homes.

That’s according to a January 2014 report from real estate group West Penn Multi List Inc., which showed new listings in 12 of the 13 counties it covers decreased in the first month of the year.

President George Hacket said overall, the housing market in the region is strong.

The hot July temperatures this year reflected the sizzling housing market in Western Pennsylvania — with increases across the board.

According to the West Penn Multi-List Inc. residential real estate report, the number of homes under agreement during July this year was 4,104 compared to 3,392 homes in July 2012, an increase of over 20 percent.

George Hackett, President of the West Penn Multi-List Inc., said this is partly because of the improved economy.