Article
This past week, not a ton has changed on the surface but what’s happening underneath is what really matters.
Mortgage rates are still sitting in that mid-6% range, and buyers are staying intentional. We’re seeing more second showings, more thoughtful decision-making, and a stronger focus on value over emotion.
That said, Pittsburgh is still very much a seller’s market. We’re hovering around a 2-month absorption rate, meaning demand is still outweighing supply. Well-priced homes are moving quickly, while anything even slightly off is starting to sit.
We’re continuing to see a split market: strong, well-positioned homes are getting real action, but buyers aren’t chasing everything like they were earlier in the year.
Now layer in the fact that the NFL Draft is in town this week.
There’s a different kind of energy around the city right now—more eyes on Pittsburgh, more activity downtown, more people experiencing what makes this city special. While the Draft itself doesn’t directly move home prices, moments like this reinforce the bigger picture: Pittsburgh continues to gain attention, and that matters long-term for demand.
Bottom line: strategy matters more than ever right now. Pricing, presentation, and timing are what’s separating homes that move from the ones that don’t.
If rates dip, things could heat up quickly again. If not, expect this more balanced but still seller-leaning market to continue.