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May 2010 Real Estate Sales Statistics from RealSTATs

Date: 6/17/2010

June 17, 2010-Pittsburgh-In Disney Pixar’s movie "Up", Carl Fredricksen uses tens of thousands of helium balloons to lift his house high up into the sky. In Pittsburgh, thousands of home buyer tax credits have lifted the residential real estate market up out of its worst recession in more than twenty years and its happening in dramatic fashion.

In the first five months of 2010, buyers spent $1.32 billion on 9,047 homes in Allegheny, Beaver, Butler, Washington, and Westmoreland Counties. These two figures represent jumps of 27.8 percent and 23.4 percent, respectively, over the same five months of 2009.

Measured in dollars, Allegheny County jumped $161.2 million or 26.1 percent from $616.8 million last year to $778 million this year. Butler County rose $43.8 million or 37.8 percent and Westmoreland County gained $37.7 million, 27.5 percent. Washington County jumped $22.5 million from $112.4 million to $134.9 million. Beaver County saw home sales jump nearly 43 percent from $49.3 million in 2009 to $70.5 million this year.

To view the entire press release, please click here