Your Greater Pittsburgh Real Estate Market Report

The West Penn MLS Active Listings Increased 8%

Number of Homes Sold Increased 6% in June 2026 compared to 2025, in total 175 more homes sold. The average sold price increased 9% for June 2026 at 346k compared to June 2025 at 316k. There were 698 price reductions in the last 7 days compared to last month this time we had 667. 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 133 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) 97 more than 2024. To summarize…more homes sold in June than is 2025 or 2024, and July seems to be running about 3% ahead 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 926 homes have gone under contract with buyers. While there were 731 new listings that entered the market.

There are 4,288 homes under contract preparing to close in the next 2-6 weeks compared to 4,503 homes under contract last month at this time and 4,191 in July 2025.

Demand seems to be a remaining strong here in mid-July. 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.