Cleveland, OH housing market

Cleveland is still one of the more affordable markets you will find, and this month the story is quiet stability. The typical home here is worth about one hundred sixty-three thousand dollars, up roughly two and a half percent over the past year. That is modest growth, but it is real growth, and it has come without frenzy. Homes that hit the market are moving in about 43 days, so buyers have time to think, but not endless time. Only about 15 percent of active listings have taken a price cut, which tells you most sellers are pricing close to where the market actually is. There are roughly one thousand four hundred homes for sale right now, with about 922 new listings coming on this month, so supply is turning over at a healthy clip. One caution: the median list price sits near one hundred eighty-five thousand dollars, well above the typical value, which means plenty of asking prices are aiming high. If you are selling, price to the market, not to your hopes. In Cleveland right now, the well priced home sells. The ambitious one waits.