Pittsburgh area home prices *rise* in first quarter of 2011!

Not to keep beating a dead horse but…again and again Pittsburgh proves itself to be a great place to buy a home. As everyone knows, real estate prices in most of the U.S. have been suffering in recent years. Nationwide, home prices are down and sales are sluggish. But according to RealSTATS, the first quarter of 2011 found the average home price in the Pittsburgh area up 3.5%, to $148,859! Compare that to a 3.6% drop in the average home price during the same period nationwide.

Hopefully the fact that Pittsburgh has not only weathered the real estate market “burst” but improved during a time when other cities are suffering will assure current home owners that their investments are secure and encourage potential home buyers that this is a great time to enter the real estate market.

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