Housing price cuts in Pittsburgh surge as the Western Pa. market cools

Lois Michaels is 93, legally blind and waiting.

She’s waiting for a buyer – one who sees her Shadyside home the way she and her late husband, a retired physician, always did: as a million-dollar gem. Before he passed at age 95 three years ago, he told her not to let it go for less.

In April, she listed the Ellsworth Place home for $990,000. But the full-price offers didn’t come. Four months later, even after cutting the price to $899,900, the offers are still below asking, and the house still hasn’t sold…

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