Pittsburgh Region Sees 11th Consecutive Month Of Home Sales Increases

Locator map of the Greater Pittsburgh metro ar...

Locator map of the Greater Pittsburgh metro area in the western part of the of . Red denotes the Pittsburgh Metropolitan Statistical Area, and yellow denotes the New Castle Micropolitan Statistical Area, which is included in the Pittsburgh-New Castle CSA. (Photo credit: Wikipedia)

The number of homes sold last month in the Pittsburgh area and their total value rose compared with August 2011, marking the 11th consecutive month of increases, according to data released today by local real estate information service RealSTATs.

“This comes off of seven years of consecutive decline,” RealSTATs vice president Daniel Murrer said.  “It’s significant.  We’re in the first year of positive growth in eight years.”

RealSTATs compiles the data from Allegheny, Beaver, Butler, Washington and Westmoreland counties.

The total dollar volume of home sales in August in the region was $478 million, up 11 percent from nearly $431 million a year earlier.