Houses for sale in Greater Cleveland have been harder to find for a while, but that tightness in the market has become notable on a national scale, pushing Greater Cleveland to near the top in real estate rankings that show it truly is a seller’s market (Google). CLICK IMAGES TO ENLARGE THEM.
Now is a good time for homeowners to sell
Spring time is the busiest time of the year for home shopping. That’s when most prospective buyers are out looking for new places to live and, under normal circumstances, it’s when most homeowners list their properties for sale. But these are not normal times in the housing market, especially in Greater Cleveland.
“It’s a war zone out there,” said a west-suburban realtor who was not authorized to speak publicly for his realty company. He told NEOtrans that the for-sale inventory is at or near all-time lows. “It’s a seller’s market, that’s for sure.”
According to multiple real estate research firms and their indices, Greater Cleveland is experiencing a unique trend on a national scale. Ironically, it appears it has little to do with anything that our region is doing, such as when it comes to new jobs or a sudden lack of new housing construction. But it does have a lot do with us versus other major markets nationwide, and it is affected by the types of housing transactions occurring locally.
These influences are having profound effects that can be experienced anecdotally as our realtor source…
