Northeast Ohio 1st Quarter Stats Comparing 2013 to 2014
The most asked question I hear is 'How's the Real Estate Market'?
In case your inquiring mind wants in on that answer, I've put together First Quarter, year over year Northeast Ohio Tri-County Real Estate statistics for you (Cuyahoga, Geauga, Lake). If you'd like to get more details about your specific neighborhood, just let me know.
In the first graph below showing the year over year first quarter comparison of the Average List Price to the Average Sale Price in Northeast Ohio Counties of Cuyahoga, Geauga and Lake, we can see there has been overall improvement.
Still a significant difference in Average List Prices compared to Average Sale Prices. What do you think about the differences in List to Sale price?
In the second graph below, we are looking at the first quarter, year over year number of houses for sale and the number of houses sold. In the Northeast Ohio Tri-Counties of Cuyahoga, Geauga and Lake, a large number of available houses to purchase remain and we have seen a slight decline in the amount of houses sold in 2014.
I refer to this drastic difference as the 'Tale of Two Real Estate Cities'. Homes that are priced well and are in great condition are being snatched up and often in multiple offers. Yet, there are still plenty of overpriced and ugly houses to be had in Northeast Ohio.
The Northeast Ohio homeowners that take our professional advice in preparing their house for sale reap the benefits of a quick sale. If you or someone you know is thinking of selling their house, we'd be happy to help. Just let us know.
National News reports year over year low inventory levels. Real Estate is and always has been local. Please don't hesitate to ask Team Pappas about real estate trends in your neighborhood. We are happy to help and We Are Never too busy for you!
Copyright © by Christine Pappas 2014 *ALL RIGHTS RESERVED*
Northeast Ohio 1st Quarter Stats Comparing 2013 to 2014
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Christine Pappas | Ohio Real Estate Agent
Serving the Greater Cleveland Area, Cuyahoga, Geauga & Lake Counties of Northeast Ohio
