Your Greater Pittsburgh Real Estate Market Report - HOT OFF THE PRESS — Nick Supik

November Market Report 2025

October 2025 vs October 2024

these number are so fresh & will adjust some

Average Sold Price Increased 4%
Number of Homes Sold Increased 124
Average Days On Market Increased 3 days

(These are lagging numbers. When a home sells now the contract actually happened 30 - 60 days ago.)

HELLO - There were about 5% more homes sold in October 2025 compared to October 2024. That seems good. There will be more reported homes sold for October over the next week or so, which could push it to 7 or 8%. This all seems like a good bounce back from last few months. We did have 2326 homes sold in October, which is only about 3% better than 3 year average and 8% less than the 7 year average. Economic news and rates coming down seems to be motivating buyers and sellers to accelerate their real estate plans. It seems we are seeing an uptick of sellers coming on the market and buyers are responding. We will see if this continues. I believe we will see a busy end of year and fall/winter season.

MARKETS ARE UP & MARKETS ARE DOWN - You can count on one thing, markets will change. It does make sense though even though home inventories are increasing we are still in a lower home inventory season overall compared to the last 10-20 years, with that, prices should remain on the stronger side, its the law of supply and demand. There are never ending reasons to NOT buy or sell a home. Then there were 2326+ reasons someone did a real estate transaction in October. It is debatable if the overall economy is healthy or if a recession is coming or inflation is going to come roaring back, interest rates rise or drop, let’s leave it to the pundits to talk about. One good thing, I am confident the real estate market will respond favorably over the next 6 or 12 months.

The interest rates are coming down, now we want to know how much.

Sellers - Now is not a good time to test higher prices, with prices gradually pulling back, you need to price it tight and not go for top of the pricing suggestion. Though I am big fan of being strategic in pricing, unless you are willing and able to do some good-old haggling. The buyers are negotiating price down alittle over 3.08% on average over the last 90 days. Multiple offers is still the holy grail of a higher sales price and is very attainable with the right pricing strategy. You still need to know how to obtain multiple offers and what is the best way to negotiate when you have it. Homes that are floundering on the market are typically not priced correctly. The buyers in the market are super savvy and know now is the best time to get the best bargain before prices start to inflate even further. Occasionally buyers are turned off by homes that have been on the market for weeks let alone a couple months, however that is changing as the average days on market has increased in many neighborhoods.

Buyers - You still have to be extremely aggressive in most neighborhoods, a pre-approval is a must and I believe you should come in with a strong offer right off the get go, though I have noticed that sellers are being alittle more negotiable than the last few years. The over asking price offers is happening in here and there but not as prevalent. Home inspections are common in many cases. We are in a sweet spot for buyers, rates coming down and prices are not accelerating in a big way.

Market Indicator - In the last 7 days we have had 595 new homes enter the market compared to 708 last month same time frame. Also, compare in the last 7 days, there have been 764 homes go under contract compared to 831 last month and about 15% more homes have gone pending compared to same time last year. If you are contemplating selling your home, call me to discuss what is happening in your neighborhood.