Your Greater Pittsburgh Real Estate Market Report

The West Penn MLS Active Listings Increased 8%

Number of Homes Sold Decreased 9% in October 2026 compared to 2025, in total 220 less homes sold. The average sold price increased 2% for October 2026 at 296k compared to October 2025 at 292k. There were 785 price reductions in the last 7 days compared to last month this time we had 852. I'm looking at the current under contract and pending properties and there is over 13+ weeks of inventory available (we call this absorption rate), and has increased from 12 weeks a year ago. There are 288 less current pending home sales right now, compared to last year at this time according to the West Penn MLS and (this is a interesting stat) only 167 less than 2024. To summarize…about the 220 less homes sold in October than is 2025 and 19 less than in 2024. November is currently running behind last year with pending homes. I am wondering what is going on. What is the biggest driving factors, higher inventory? moderating prices? uncertain wars? higher rates? elections? or some other influences.

If am going to predict the market over the next few months...

With the interest rates conversation being that rates are not going to come down now and are running in the 7% range, it would seem prices would level out a little even more. Hard to say for sure, no one can predict the future. “2026 is not going to be a break out year at this point. However we are in line with the last several years going back to 2023”

In the last 7 days 659 homes have gone under contract with buyers. While there were 749 new listings that entered the market.

There are 3,258 homes under contract preparing to close in the next 2-6 weeks compared to 3,521 homes under contract last month at this time and 3,546 in November 2025.

Demand seems to be off alittle here in mid-November. Multiple-Offers is happening in some situations however over asking price is isolated to certain neighborhoods and properties, and waiving of home inspections is not happening as much at this time.