Information Source for Cleveland Real Estate & Solon Real Estate
Author: Jim Norbuta // Category: Ohio, RE/MAX, Real Estate, Relocation, solonCity of Solon Ohio
INVENTORY REPORT FOR March 7, 2010
Price Range Active&Contingent Pending& Sold Current Inventory
$100,000 – $200,000 48 46 6 months
$200,001 – $300,000 50 29 10 months
$300,001 – $500,000 41 31 8 months
$500,001 + 47 7 40 months
Total Homes for Sale 186
Average Sales/Month 19
Months of Inventory 10
In less than 4 months, inventory levels for homes have increased dramatically. There is now a 10 month inventory of homes, as opposed to 6 months inventory in mid-November 2009. This is not unusual, as listings have increased and sales decreased over the winter months. While the homes priced under $500,000 had increases of approximately 3 months each, the same cannot be said for the Solon Luxury Home market. Inventory levels here increased from 12 months to 40 months.
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 in the Cleveland real estate market. Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community.
For families and individuals involved in a Cleveland 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 in the Cleveland, Ohio area.
There are many excellent Cleveland Realtors®. Thank you for your consideration of our services.
Jim & Joan Norbuta
Tags: Cleveland Ohio, Real Estate, realtor, Relocation
