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

February Market Report 2026

January 2026 vs January 2025

these number are so fresh & will adjust some

Average Sold Price Increased 2%
Number of Homes Sold Decreased 27
Average Days On Market Increased 1 days

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

HELLO - There were about 2% less homes sold in January 2026 compared to January 2025, this number will grow another 20-50 homes as more reporting comes in. This is not all that surprising, December and January being pretty cold in Western PA and not being favorable for folks to want to get out their an buy & sell real estate. January seemed solid enough to start with 1399 homes selling. We didn’t really carry any significant momentum going into January from December. The interest rates are hoovering in the low 6% and high 5% range, I am seeing folks buy it down into the mid-5% range. Last year I was have been saying “I believe we will see a busy end of year and fall/winter season.” This did not materialize in any big way.

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 1399+ reasons someone did a real estate transaction in January. 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. 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?.?….Hoping for Low 5% or high 4s

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 a 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 3.24% and is less than the 90 day average of 3.81%. 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 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 321 new homes enter the market compared to 294 last month same time frame. Also, compare in the last 7 days, there have been 469 homes go under contract compared to 427 last month and about 25% 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.