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No. 18 Best-Performing Big Metro: Pittsburgh
1990 price: $117,570 ($70,400* in 1990 dollars)
2010 price: $122,300*
Change in real dollars: +4 percent
Population: 2,354,957
Year home prices peaked: 2007
Home prices in Pittsburgh climbed through 2007 and have since fallen only slightly. Sales in the area have been sluggish following the expiration of the first-time home buyer tax credit earlier this year, reported the Pittsburgh Business Times, but prices have held up. Strong demand for lower-priced homes has helped stabilize the market, according to housingpredictor.com.
*Pittsburgh MSA 1990 and October 2010 prices from John Burns Real Estate Consulting. Peak price year from National Association of Realtors.
2010 price: $122,300*
Change in real dollars: +4 percent
Population: 2,354,957
Year home prices peaked: 2007
Home prices in Pittsburgh climbed through 2007 and have since fallen only slightly. Sales in the area have been sluggish following the expiration of the first-time home buyer tax credit earlier this year, reported the Pittsburgh Business Times, but prices have held up. Strong demand for lower-priced homes has helped stabilize the market, according to housingpredictor.com.
*Pittsburgh MSA 1990 and October 2010 prices from John Burns Real Estate Consulting. Peak price year from National Association of Realtors.
