2012 was a wonderful year for real estate in Upper St. Clair. We saw the number of home sales increase from 210 in 2011 to 294 in 2012 a 40% increase. We also saw prices stabilize for 2012. The median sales price was $262,000 which, compared to last year, is flat. It's not great news, but it isn’t bad news either. The average days on market to sell your home was 89 and homes sold for an average of 95.5% of their asking price.
The other good news for USC residents is that if you are looking to sell your home in 2013, the number of homes for sale has gone down by 17.7% compared to 2011. So with sales up and inventory down the market is beginning to shift more and more in the seller's favor.
We are anticipating an earlier than normal spring market due to the weather, interest rates still staying low and, unfortunately, the Steelers not making the playoffs. For more information or if you have questions please feel free to contact us at our South Hills office right next to Trader Joe’s.