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The following is specific to one area of Cleveland Ohio real estate, the city of Aurora. If you are a home buyer or home seller, and especially if relocation to Cleveland is the reason for your move, this detail is extremely important to you. Please do not make financial decisions without knowing the facts about your community. If you are a luxury home buyer, 1st time home buyer, or trying to find lots for sale, this same type of analysis is an important part of learning the state of the market in the community or neighborhood of interest. Before you begin to negotiate, get the details. This study includes Aurora OH real estate, within the zip code 44202.

City of Aurora Ohio

INVENTORY REPORT FOR November 13, 2009

Price Range———–Active&Contingent———–Pending& Sold——-Current Inventory

$150,000 – $300,000 _ _ _ _ _ _ 109 _ _ _ _ _ _ _ 37 _ _ _ _ 18 months/last month 16

$300,001 – $500,000 _ _ _ _ _ 65 _ _ _ _ _ _ _ _26 _ _ _ 15 months/last month 14

$500,001 + _ _ _ _ _ _ _ _ _37 _ _ _ _ _ _ _ _ 5 _ _ _ _ 44 months/last month 46

….TOTALS…………………………………….211……………………………68

Total Homes for Sale 211
Average Sales/Month 11.3
Months of Inventory 18.7

This past month reflects reflects regression in the rate of sale of homes in the Aurora Oh real estate market. This was not the case for Bainbridge Ohio real estate or Chagrin Falls real estate as reported yesterday. If you need to know this information for your specific area, go to the CONTACT US button now in the upper right corner of our web page. The above numbers may be eye openers for many of you. If you are currently a home seller, you may not be aware of these recent changes. Most importantly, ALL BUYERS AND SELLERS should be aware of them for your street, neighborhood, and community. EVERY COMMUNITY IS UNIQUE.

If you are looking to purchase a home in the next few months, please give us a call. We show all properties listed by any real estate broker and most homes for sale by owner. Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community.

If your interest is in the luxury home market, the above chart indicates an inventory of 44 months, a slight improvement of 46 months in October. If you are ready to negotiate, there are still excellent values available in every price range.

For families and individuals involved in a relocation home purchase, you’re timing is still very good. Homes in Cleveland Ohio are among the most affordable of the major metropolitan areas in the USA.

Our website contains information on mortgage rates, lenders,and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

There are many excellent Cleveland Realtors®. Thank you for your consideration of our services.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)
RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME®

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