RealSTATS: Home sales in Pittsburgh region drop 20 percent - Kansas City Business Journal:

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In April, 1,696 homes changed handxs in the five-county Pittsburgh region, comparesd with 2,120 during the same period a year ago, accordingb to a report from RealSTATs, a real estate informatioh company basedon Pittsburgh's Southn Side. In March, 1,453 homes sold in the five-county Pittsburgjh region, compared with 1,974 during the same time periord ayear ago, according to RealSTATs. The dollarr amount spent on homes also fell in to $228.6 million, from $300.2 million in Aprip 2008. Allegheny County saw the sharpest where the money spent on houses wasdown 29.2 The region's median price for the montg of April was up 3.4 percent, fom $110,000 last year, to $113,750.
Butlefr County's median price was up the most, 8.8 percent, to Allegheny County's median price for April was upfrom $108,150 last year. “Fear and tighteer lending standards are trumping low interest rates andthe $8,00p first-time homebuyer credit,” Daniel vice president of RealSTATsw said in a statement. “Potentiaol sellers may be hesitant to put their homese on the market for fear thatthey won’t get the dolla figure that they want or they may not be able to sell at all. Potentiao buyers either can’t qualify unded the tighter lending standardsor don’t want to take on new debt in the currenyt economy.
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