2012 a record year for Howard Hanna

Published Jan 25, 2013 at 2:45 pm (Updated Jan 25, 2013 at 2:45 pm)

Howard Hanna Real Estate Services had record sales in 2012. One of the four largest real estate companies in the country, Howard Hanna closed 41,348 transactions in 2012 – more than 7,062 than in 2011. And, closed sales volume hit $7 billion for the first time ever – $7,085,343,298, a 20% increase from the previous year.

“2012 was just a remarkable year at Howard Hanna. We had a huge, huge increase over last year, thanks to the tremendous efforts of so many people in the company,” said President Helen Hanna Casey. “We outperformed a rising tide market in all segments of our company. The pent-up demand of the ‘move-up buyer’ fueled a large part of our business and will continue to be strong this year as homebuyer confidence continues to rise. The resurgence of bidding battles and full-price offers created a sense of urgency in many price categories, while the average price of a home sold in our region increased by six percent.”

In Pittsburgh and Southwestern Pennsylvania, Howard Hanna’s record breaking year included $2.3 billion in closed sales volume and 11,587 closed sales transactions. Howard Hanna outperformed the market with a 23 percent increase in volume and an 18 percent increase in units as year-end figures from the West Penn Multi-List reported closed sales volume up 17 percent and units up 11 percent.

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