Your Greater Pittsburgh Real Estate Market Report

The West Penn MLS Active Listings Increased 7%

Number of Homes Sold Decreased 1% in May 2026 compared to 2025, in total 19 less homes sold. The average sold price increased 6% for May 2026 at 319k compared to May 2025 at 301k. There were 667 price reductions in the last 7 days compared to last month this time we had 572. 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 225 more 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) 142 more than 2024. To summarize…nearly the same number of homes sold in May, but June seems to be running ahead of last year & 2024 with more homes pending. I am wondering what is going on. What is the biggest driving factors, inventory? prices? wars? rates? 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, it would seem prices would level out a little more. Hard to say for sure, no one can predict the future. IS “2026 going to be a break out year and a run for the next 3 to 5 years?”

In the last 7 days 916 homes have gone under contract with buyers. While there were 833 new listings that entered the market.

There are 4,503 homes under contract preparing to close in the next 2-6 weeks compared to 4,502 homes under contract last month at this time and 4,361 in June 2025.

Demand seems to be a really strong here in mid-June. Multiple-Offers and over asking price is happening much more overall, however waiving of home inspections is not happening as much at this time.