Cleveland Heights has the most inventory of any of the cities that we have looked at.  Cleveland Heights is an interesting city because of the wide range of homes available. 

There are currently 563 active listings in Cleveland Heights, however there are also 125 Pending listings.  This just displays the size of Cleveland Heights.  Also, sellers are getting 91% of list price price.  That is the lowest of any city we have looked at so far. 

Cleveland Heights State of the Market Report:

There are 563 active listings on the market in Cleveland Heights.

These homes have been on the market an average of 105 days.

Homes that are now under contract are the most recent successes, these sellers have reached their goals.

There are currently 125 pending listings in Cleveland Heights.

These homes have been on the market an average of 86 days.

Homes that have recently sold are historic indicators of perceived value. Appraisers will use this data when determining the loan value of your home.

There were 240 properties sold in the last 6 months in Cleveland Heights.

These homes were on the market for an average of 95 days.

The average sale price of $139,490 divided by the average list price of $129,539 tells us

that sellers are accepting, on the average, 91% of the list price.

Homes that have been on the market and never sold tell us a story.

The total number of market rejected homes (expired listings) in the last 6 months is 502.

These homes have been on the market an average of 159 days.

If you take the Pending listings (125) + the total sold listings (240)  they equal 365 recent successes in the past 6 months.

365 recent successes divided by 6 months =60.5 homes that sell per month.

563 active listings divided by 60.5 homes that sell per month = 9.3 months of inventory in Cleveland Heights as of July 20, 2008.

It is so important to price your home correctly.  If you are getting ready to sell please contact us for a free market analysis of you home.