"In November, home prices rose moderately from the month before, with a median listing price of $150,000. The number of listings on the market shrank 5.6% from last month, which is a bigger decrease than normal for this time of the year in Cleveland, and homes are also selling close to the same pace as the same time last year."
"Typically, home price per square foot in Cleveland tend to fall in November. But the most recent data shows that the price per square foot increased by 6.1% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Rock and Roll Capital are outpacing the national market."
"In November, there were 835 homes for sale in Cleveland, which was 5.6% less than the month before and 4.0% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. Homes in Cleveland take an average of 55 days to sell, according to November figures. This is four days more than the previous month and one day more than the same month last year."
Home prices in Cleveland rose moderately in November with a median listing price of $150,000. Listings on the market declined 5.6% from the previous month, a larger-than-normal seasonal decrease, while active inventory totaled 835 homes, 4.0% higher than last November. Price per square foot increased 6.1% month-over-month in Cleveland, outperforming the national per-square-foot decrease of 1.2%. Homes in Cleveland averaged 55 days on market, four days longer than the prior month and one day longer year-over-year. Nationally, active inventory fell 2.5% to 1,072,266 and the national average time on market was 64 days.
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