Greater Pittsburgh Luxury Real Estate Market Report
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Lifestyle of the Rich & Famous Pittsburgh Edition
HOMES $1,000,000+ STATISTICS
November YTD 2024
211 Listings on the market
69 Under contract
370 sold in 2024
73 avg days on market
95.32% list price / sales price
Avg $1,468,924
from the archives of last years email
November YTD 2023
250 Listings on the market
51 Under contract
279 sold in 2023
63 average days on market
94.98% list price / sales price
Avg $1,425,481
People make comments and ask questions all the time, about interest rates and how the market is performing….
“Think about this, MORE Luxury homes sold in 2023 than 2019 & 2020 combined. 2024 is pacing ahead of 2023.”
YTD Statistics
Comparing the last several years the High-end Luxury market has remained on the move. We are still in the MIDDLE of the BEST Luxury Market the Greater Pittsburgh Area has ever seen. Inventory (available homes) has decreased 15%, pendings (under contract homes) have increased 26%, solds (sold homes) increased 24% in this sector since November 2023 and has remained stabile. It will be interesting to see with the decreased inventory if this shifts to the buyers advantage or dis-advantage.
PENDINGS in the Luxury Market has increased over the last month, this is seems odd for this time of year, but not to notable at this time. We are showing considerably more activity than last year at this time.
I have studied with the Institute for Luxury Home Marketing and have a robust marketing plan for Luxury homes! - Nick
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