Home sales, prices climbed across Ohio in February

New report from https://www.cleveland.com/ has very good news for Cleveland Metro.

"“The Ohio housing marketplace was active in February, with positive pricing gains and an uptick in the pace of sales,” said Anjanette Frye, association president, in a statement. “Realtors are upbeat on the market as we approach the start of the spring home-buying season. With attractive interest rates, solid gains in average sales price, sellers realistic in their pricing expectations, and consumers understanding that long-term, owning a home is a tremendous investment.”"

Like they say we are not making any new land in Cleveland. Buying and Selling real estate in the Cleveland market is very fierce when a property is priced right. I even see some agents listing a property under the market. This attracts tons of buyers and properties that are nicer usually go for a lot more money because they have multiple offers. 

"“A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound,” said Lawrence Yun, NAR chief economist, in a statement. "

That is the most powerful combination of positive news that any Real Estate observer can see. Consumer Confidence is the best ingredient for potential buyers to get mortgages and loosen up their wallets a bit.  The inventory is also important and we need even more homes on the market. 

If you are wanting to move from you current home and get the best prices. now may be the time for that. I am picking up 3 listings this week with my new flat fee listing package that puts even more money in sellers pockets. 

"In Ohio, the average sale price for new and existing homes of $184,480 represented a whopping 10.5 percent increase from February 2018, according to the Ohio Association of Realtor’s report on February home sales. Nationally, last month marked the 84th consecutive month of year-over-year gains in median, or middle, prices for existing homes, theNational Association of Realtors reported Friday."

The investments in Cleveland downtown and surrounding cities are really paying off. 10.5% price growth is healthy and we still have a long way to go. I heard last week that the average price in San Francisco is over $1 million dollars. you could buy 5 homes in Cleveland for that.

Need real estate to live or create income with? Need to Sell? Call me I'm Brett 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty Arizona 1000+ properties and counting

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