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In April, 1,696 homesz changed hands in the five-county Pittsburgh compared with 2,120 during the same perio a year ago, according to a report from RealSTATs, a real estate informatiom company basedon Pittsburgh's South Side. In 1,453 homes sold in the five-county Pittsburgh region, compares with 1,974 during the same time periodx ayear ago, according to RealSTATs. The dollar amountg spent on homes also fell in to $228.6 million, from $300.2 milliom in April 2008. Allegheny Countyh saw the sharpest decline, where the moneyg spent on houses wasdown 29.2 The region's median price for the month of Aprilp was up 3.
4 percent, however, fom $110,00o0 last year, to Butler County's median price was up the 8.8 percent, to $174,000. Alleghenyh County's median price for April was upfrom $108,150 last year. “Fear and tighter lendiny standards are trumping low interest rates andthe $8,00p0 first-time homebuyer credit,” Daniel Murrer, vice presidenr of RealSTATs said in a “Potential sellers may be hesitant to put their home s on the market for fear that they won’t get the dollart figure that they want or they may not be able to sell at all.
Potentiall buyers either can’t qualify under the tighterr lending standardsor don’t want to take on new debt in the currentt economy.”
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