Pittsburgh Metro Housing Market Update - Week of November 2, 2026

Short answer: The Pittsburgh housing market is flattening. For the week of November 2, 2026, sales jumped to 501 (up from 415) and new listings fell to 477 (down from 562). Pending deals held steady at 575. More listings expired or were withdrawn. The Freddie Mac 30-year fixed average was 7.24% on Oct 29.

This is our weekly Market Watch. It covers homes on the residential MLS in six counties around Pittsburgh:

• Allegheny
• Westmoreland
• Washington
• Butler
• Beaver
• Fayette

Missed last week? Read the Pittsburgh housing market update for October 26, 2026.

The numbers this week

Here is how this week (Nov 2) compares to last week (Oct 26).

• Pending deals (contingent + under contract): 575. Last week it was 566.
• Contingent: 329. Last week it was 343.
• Under contract: 246. Last week it was 223.
• New listings: 477. Last week it was 562.
• Sold: 501. Last week it was 415.
• Price drops: 690. Last week it was 717.
• Back on market: 83. Last week it was 101.
• Expired: 245. Last week it was 202.
• Withdrawn: 120. Last week it was 102.
• Expired and withdrawn together: 365. Last week it was 304.

Mortgage rates this week

• 30-year fixed: 7.24% on Oct 29, per Freddie Mac's weekly survey (PMMS).
• Freddie Mac's week before: 7.32% on Oct 22.

This week's rate comes from a different source than last week's post. Last week we used the Mortgage News Daily daily index (7.33% on Oct 26). Freddie Mac posts a weekly average. The two are measured in different ways, so they are not directly comparable. Do not read 7.33% to 7.24% as a change.

Freddie Mac's own number did dip a little week to week. Rates are still in the 7s. For more on how rates moved this fall, read Mortgage rates cool off in October 2026.

For illustration only. Not a loan offer or commitment to lend. Rates, payments, and terms depend on credit, income, loan program, and lender approval, and can change without notice. Buyers may need to qualify at the full note rate. Talk to a licensed lender for details.

What it means

Sales jumped. Fewer new listings. Pending held steady.

Here is the plain version:

• Sales jumped. 501 homes sold, up 86 from last week.
• New listings slowed. 477 came on, down 85. That is the biggest drop in our last three weeks.
• Pending deals held steady. 575 is close to last week's 566. More of those deals moved to under contract (246, up from 223).
• Fewer price drops. 690, down from 717.
• More homes came off the market without selling. 365 expired or were withdrawn, up from 304. Expired listings rose to 245, up from 202.

Put it together and the market is flattening, not falling apart. Homes priced right are selling. Homes priced too high are sitting until the listing runs out.

To see who has the edge right now, read Pittsburgh buyers vs sellers: September 2026.

What it means if you're selling

• Price it right the first time. 245 listings expired this week. That is up from 202 last week.
• Less new competition. Only 477 new listings came on. A well-priced home stands out more.
• Buyers are still closing. 501 sales this week shows buyers are out there in Allegheny, Westmoreland, Washington, Butler, Beaver and Fayette counties.

For more, read 4 pricing mistakes in a flattening Pittsburgh market.

What it means if you're buying

• Fewer new homes to pick from. New listings fell to 477. If a home you like is priced right, it may not last.
• The pace is steady. Pending deals are about flat. Most homes are not getting swarmed.
• Look at homes that have sat. 690 homes had a price drop this week. Some sellers may have room to talk.
• Get your own rate quote. A weekly average is a guide, not your rate. Talk to a licensed lender about your numbers.

Common questions

Is the Pittsburgh housing market slowing down in November 2026?

It is flattening. For the week of Nov 2, sales rose from 415 to 501, new listings fell from 562 to 477, and pending deals held steady at 575 (566 last week).

Are home prices dropping in Pittsburgh?

There were 690 price drops this week, down from 717 last week. This report counts price drops, not average prices.

What are mortgage rates in Pittsburgh right now?

Freddie Mac's weekly average for a 30-year fixed was 7.24% on Oct 29, 2026, down from 7.32% on Oct 22. This is a national average. Last week's post used a different source (Mortgage News Daily), so the two weeks are not directly comparable. Your own rate depends on your credit, loan type and lender.

How many Pittsburgh listings expired or were withdrawn this week?

365 in total: 245 expired and 120 were withdrawn. Last week it was 304 (202 expired, 102 withdrawn).

Is it a good time to sell a house in Pittsburgh?

Sales jumped this week and fewer new listings came on. A home priced right from day one can still sell. More listings expired this week, so a home priced high is more likely to sit.

What areas does this Pittsburgh housing market update cover?

Residential MLS data for Allegheny, Westmoreland, Washington, Butler, Beaver and Fayette counties.

Sources

• West Penn MLS residential data for Allegheny, Westmoreland, Washington, Butler, Beaver and Fayette counties, weeks of Oct 26 and Nov 2, 2026. Pending = contingent + under contract.
• Mortgage rates: Freddie Mac Primary Mortgage Market Survey (PMMS), 30-year fixed weekly average, Oct 22 and Oct 29, 2026. https://www.freddiemac.com/pmms
• Last week's rate: Mortgage News Daily daily index, 30-year fixed (Oct 26, 2026). Different source, not directly comparable.

We post these numbers every Monday so you can watch the trend.

Matt Durbin | eXp Realty
(412) 998-8896 | Broker: (888) 397-7352
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