"In October, home prices rose substantially from the month before, with a median listing price of $146,125. The number of listings on the market grew 1.4% from last month, which is a smaller increase than normal for this time of the year in Cleveland, and homes are also selling slower than at the same time last year."
"Typically, home price per square foot in Cleveland tend to fall in October. And the most recent data shows that the price per square foot decreased by 0.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Rock and Roll Capital are smaller the national market."
"In October, there were 880 homes for sale in Cleveland, which was 1.4% more than the month before and 11.5% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. The number of new listings in Cleveland was 426, which was 5.4% more than the month before and 4.1% less than the same time last year. Nationally, the number of new listings fell by 2.7% from last month to 384,264."
Median listing price in Cleveland increased to $146,125 in October compared with the previous month. Price per square foot in Cleveland fell 0.3% month-over-month, a smaller decline than the national 0.8% drop. Inventory in Cleveland reached 880 homes for sale, 1.4% higher than the prior month and 11.5% higher year-over-year. New listings numbered 426, up 5.4% from last month but down 4.1% year-over-year. Homes in Cleveland averaged 51 days on the market, one day faster than last month and four days slower than the same month last year. Nationally, active inventory remained near 1,100,001 and average days on market was 63.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]