🏡 Pittsburgh Real Estate, St. Paddy’s Festivities & Steelers Free Agency Shake-Up

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🍀 Happening This Weekend – St. Patrick’s Day Edition

Pittsburgh goes all out for St. Patrick’s Day, and this weekend is packed with events, whether you’re here for the parade, the parties, or the home inspiration. Here’s where to be:

📍 Pittsburgh St. Patrick’s Day Parade – Saturday, March 16, 10AM
One of the biggest St. Paddy’s Day parades in the country kicks off in Downtown Pittsburgh, featuring bagpipers, Irish dancers, and floats galore. The parade route runs through Grant Street, Boulevard of the Allies, and Stanwix Street, so grab your spot early!

🍻 Shamrock Crawl – South Side – Saturday, March 16, 2PM-10PM
For those looking to celebrate with a drink (or several), the annual Shamrock Crawl takes over the South Side’s best bars with drink specials, giveaways, and live entertainment. A ticket gets you free entry to all participating bars and a St. Paddy’s-themed t-shirt to match the vibe.

🎶 Market Square St. Patrick’s Day Celebration – Friday & Saturday
Market Square transforms into an Irish festival with live music, street performances, and vendors selling Irish-themed goods, food, and drinks. A perfect way to soak in the holiday spirit without bar-hopping.

🏡 Pittsburgh Home & Garden Show – March 15-17 at the Convention Center
Need a break from the St. Paddy’s madness? Head to the Pittsburgh Home & Garden Show at the David L. Lawrence Convention Center. With over 1,800 exhibits showcasing the latest in home improvement, decor, and design trends, it’s a must-visit for homeowners and DIYers.

🍀 However you celebrate, stay safe and enjoy the weekend! 🍀

📉 Market & Interest Rate Snapshot – March 7, 2025

💰 Mortgage Rates Update (as of 3/14/25)

• 30-Year Fixed: 6.81% ⬆️ 0.03%

• 15-Year Fixed: 6.25% ⬆️ 0.02%

• FHA 30-Year: 6.28% ⬆️ 0.06%

• VA 30-Year: 6.30% ⬆️ 0.06%

• 10-Year Treasury: 4.313% ⬆️ 0.04%

Rates are still hovering at the higher end, with small increases across the board. While they remain volatile, the good news is that they haven’t spiked drastically.

💡 What This Means:
✔️ For Buyers: While rates remain elevated, competition is heating up as more homes hit the market. Locking in a rate sooner rather than later could be a smart move.
✔️ For Sellers: Buyers are coming out in full force for the spring market, but pricing strategically is key. Overpriced homes are sitting longer, while well-priced properties are selling quickly.

📊 Market Activity This Week

• 🏡 New Listings: 689 new homes hit the market (⬆ from 488 last week)

• ✅ Properties Sold: 510 homes closed (⬆ from last week)

• 💰 Median Sale Price: $234,950 (⬇ from $248,500 last week)

• 📉 Average Days on Market: 44 days (⬇ from 55 days last week)

Key Takeaways:
The spring market is heating up! More homes hit the market this week, and properties are selling faster than before, with days on market dropping to 44 days from 55 last week. However, the median sale price dipped slightly, signaling that while buyers are active, they are still price-conscious in this rate environment.

💡 What This Means:
✔️ For Buyers: More homes are available, and they’re moving faster. If you’ve been waiting to start your search, now’s the time to get pre-approved and be ready to act quickly on the right property.
✔️ For Sellers: Well-priced homes are moving fast, with the average home selling in just over six weeks. If you’re thinking about listing, spring is the time to do it while buyers are eager and inventory is growing.

📌 Special Note: This data includes Allegheny, Butler, Beaver, Washington, and Westmoreland counties. These stats reflect single-family homes only—if you're looking for multi-family investment data, email me!

^{Standout Properties}

🏡 Standout Home of the Week – A Timeless Classic in Point Breeze

Some homes exude character, and then there’s 6850 Reynolds Street—a grand six-bedroom stone estate in the heart of Point Breeze. With five fireplaces, a stunning spiral staircase, and soaring ceilings, this 1929-built home is a seamless blend of historic charm and modern luxury.

The expansive living room, adorned with intricate detailing and a cozy fireplace, flows effortlessly into the formal dining room and an updated gourmet kitchen. Upstairs, five spacious bedrooms, including a primary suite with a walk-in closet and en-suite bath, provide a serene retreat. The third level? A bonus space perfect for a home office or game room.

But the true gem of this home is its private outdoor oasis—a charming patio and lush gardens offering a slice of tranquility, just blocks from Frick Park and Bakery Square. With stained glass windows, built-ins, incredible natural light, central air, and a two-car garage, this is Pittsburgh luxury at its finest.

📍 Listed by Andrea Ehrenreich | Howard Hanna Real Estate Services (MLS #1691603) – View the full listing here

📰 Local Headlines: What’s Happening in Pittsburgh?

🏡 Immigration Surge Boosts Allegheny County’s Population

After years of decline, Allegheny County’s population is growing again, thanks to a significant influx of immigrants. The surge is revitalizing neighborhoods, bolstering the workforce, and reshaping the region’s demographic landscape. (Pittsburgh Post-Gazette)

🏠 Vinebrook Homes Under Fire for Mass Evictions & Property Neglect

Corporate landlord Vinebrook Homes is facing criticism after tenants in Pittsburgh and across Allegheny County have reported mass evictions and poor property management. As one of the largest holders of single-family rental homes in the area, Vinebrook’s practices are now drawing scrutiny from local officials and housing advocates. (Pittsburgh Post-Gazette)

🚋 PRT’s ‘Petulant Pickle’ Campaign Aims to Improve Public Transit Etiquette

In an unusual yet effective move, Pittsburgh Regional Transit has introduced the "Petulant Pickle" campaign, using humor to encourage better rider behavior. The pickle mascot reminds commuters to keep music at a respectful volume, avoid blocking seats, and be mindful of their fellow passengers. (Pittsburgh Post-Gazette)

🏈 Steelers Bring Back a Familiar Face & Make a Big Move

Mason Rudolph is returning to the Steelers on a two-year, $8 million deal, adding a familiar name to the quarterback room. But the bigger splash? The team traded for star wide receiver DK Metcalf, giving the offense a much-needed boost ahead of the 2025 season. Could we also see Aaron Rodgers?(NFL.com)

🦉 Schenley Park’s Owl Chick ‘Muppet’ Becomes a Local Star

A great horned owl chick nicknamed "Muppet" has become a must-see attraction at Schenley Park. After a tumble from the nest, Muppet was safely returned and is now spreading its wings under the watchful eyes of its parents. (WPXI)

💍 DK Metcalf & Normani Announce Engagement

Fresh off his blockbuster trade to Pittsburgh, DK Metcalf made another big move—he proposed to singer Normani with both families present. The couple’s engagement was met with excitement from both the sports and entertainment worlds. (People Magazine)

🏚️ Roof Collapse at Oakland Party Injures Multiple People

A roof collapsed during a party in Oakland, sending 10 people to the hospital with minor injuries. Authorities are investigating the structural failure at the Semple Street residence. (Pittsburgh Post-Gazette)

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