These factors don’t tell the entire story, however, and for an individual seller, today is still a great time to sell- particularly here in the Pittsburgh market. Historically, Pittsburgh has avoided the rollercoaster ride of the real estate market seen by larger cities across the country. Having recently been named by Zillow as one of the hottest markets in 2023, Pittsburgh is expected to weather the market conditions quite well.
The local housing market is still strong due to a continued lack of inventory and homes are still selling for prices higher today than they were three years ago. The key to a successful sale maximizing a home’s profit potential is a strong strategic plan. Although effectively preparing a home to sell is important, choosing the right sale price is essential. Here are some things to know:
3) Understanding What Today’s Buyers Want – today’s buyers are looking for different things out of a home. For many buyers today, working from home requires not one home office, but two distinct spaces for two family members to work from home. Updated kitchens and baths still rank high for many buyers, but so do walk-in pantries, ample storage space, and outdoor living spaces.
Despite what the news channels are proclaiming, it’s important to note that the changes in the national real estate market do not what we are seeing in the local Pittsburgh market. If a new address is something you have been dreaming about, it is still a great time to sell!