"Cleveland's active listing count in December reached 796, reflecting a steady year-over-year increase of 0.6%. This stability was particularly remarkable when compared to the national surge of 12.1%. Interestingly, the number of newly listed homes dipped by 5.1% from the previous year, hinting at a more exclusive selection of fresh inventory. Nationally, the decline in new listings was a mere 1.8%, making Cleveland's scenario all the more intriguing."
"The median listing price in Cleveland soared to $150,000, showcasing a robust increase of 5.0% from the previous year. This vibrant growth defied the national trend, where the median listing price slightly dipped by 0.6%. The price reduced share in Cleveland gently decreased by 2.9 percentage points to 11.7%, indicating a market where price cuts were becoming increasingly rare. Nationally, the price reduced share remained fairly constant, with a slight uptick of 0.03 percentage points."
Cleveland's active listings totaled 796 in December, increasing 0.6% year-over-year while new listings fell 5.1%, signaling fewer fresh options. Nationally, active listings rose 12.1% and new listings declined 1.8%, making Cleveland's stability notable. The median listing price reached $150,000, up 5.0% year-over-year, contrasting with a 0.6% national decrease. The price reduced share in Cleveland declined 2.9 percentage points to 11.7%, indicating fewer price cuts. Median days on market stood at 62, up 5.1% but still below the national median of 73, showing relatively brisk demand. Sellers benefited from compelling appreciation and a market that absorbed available properties despite fewer new additions.
Read at SFGATE
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