This chart shows the average sale prices for each county in the Greater Cleveland area for February 2020, 2021 and 2022, as well as the state.CLEVELAND, Ohio —
But even with potential hikes in interest rates, which could drive listing prices down, many prospective homeowners may feel like the result would be the same payment-wise and “they might as well buy now.In other words, a lot of what many have seen is not likely to change in the short term.To be clear, home sale prices were rising before the pandemic.
The data also showed that the dips and increases Cuyahoga County saw over the past two years largely tracked with what happened in the state overall. Now, sale prices are to the point where what are normally “off” months have higher prices than in past spring and summer months, generally when the most sales activity takes place.
The same goes for Ohio as a whole. The average price last month was $235,359, up from $187,375 during the same month two years ago. Realtors said they have seen some signs of the market stabilizing, but the prices are still rising at a good clip.
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