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

December Market Report 2025

November 2025 vs November 2024

these number are so fresh & will adjust some

Average Sold Price Increased 7%
Number of Homes Sold Decreased 105
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% less homes sold in November 2025 compared to November 2024. this is a little disappointing. It had seemed like we were turning the corner and making headway, now maybe not so much. There will be a few more reported homes sold for November over the next week or so, but not many. We did have 1910 homes sold in November, which is only about 7% off of the 3 year average and 19% less than the 7 year average. Not sure if it was the Government shutdown that slowed us down, there is a very good chance it was the cause. The news is back and forth if we will get another rate cut in December. I have been saying “I believe we will see a busy end of year and fall/winter season.” This does not look to be the case. It does seem to be a Government inflicted wound though.

MARKETS ARE UP & MARKETS ARE DOWN - You can count on one thing, markets will change. It does make sense though even though home inventories were 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 1910+ reasons someone did a real estate transaction in November. 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.

It really seems over the long run interest rates are going to come down. We want to how soon and how much?.?.

Sellers - Now is not a good time to test higher prices, with prices gradually pulling back, and days on market is increasing, 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 on average 3.48% and is more than the 90 day average of 3.20%. 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 298 new homes enter the market compared to 595 last month same time frame. Also, compare in the last 7 days, there have been 494 homes go under contract compared to 764 last month and about 8% less 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.