Cleveland Real Estate Market Sees Home Sales Decline

In this week's report, the number of homes sold in the Cleveland market dropped to four over the past 30 days, a decrease of 20.0% from last week's report, but still above the monthly average. In comparison, nearby Gainesville had 51 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in Cleveland, and for this period the median sales price slid from $112,900 to $107,725. In spite of the decrease in sales, a low two months of inventory signals that Cleveland is a definite seller's market.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Cleveland:

$199K   $127K   $249K  

Get started right now by checking out Cleveland homes for sale or reviewing Cleveland real estate trends.

Demographic facts about Cleveland:

  • The average elevation is 1,572 feet.
  • The median income per household is $40,261 in the area.
  • The student per counselor ratio in this area is 492:1. (513:1 = national average)

Data reported through 10/12/2016

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