According to the West Penn Multi-List, Inc. and its residential real estate report, all major sales indicators were on the rise for the first half of 2016.
“The first half of this year has brought good news for residential real estate, and we’re optimistic for the second half of 2016,” said Ron Croushore, current president of West Penn Multi-List, Inc., and owner and CEO of Berkshire Hathaway Home Services The Preferred Realty.
When comparing January-June 2016Â with the same time period in 2015:
- Closed sales increased 5.80 percent
- Closed sales volume increased 5.62 percent
- Average sales price increased 0.31 percent
- New listings increased 3.32 percent
“We continue to experience favorable market conditions for both sellers and buyers this summer,” said Croushore. “Interest rates remain low and homes are selling quickly due to low inventory levels.”
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