Cleveland Heights real estate market report from 3/1/09-7/3/09.

As of today July 3, 2009 there are currently 498 active listings in Cleveland Heights. These listings have an average list price of $169,460 and have been on the market an average of 119 days.
Currently there are 71 pending listings in Cleveland Heights. These homes have an average list price of $118,318. We wont know the sale price till they transfer. There are currently our most recent successes.
Since March 1, 2009 a total of 225 homes have sold, or closed. These homes had an average sale price of $105,918. Currently sellers are getting 91%. These homes have been on the market an average of 108 days.
If we take the total number of pendings + the total number of solds we get 296 recent successes in the past 4 months. That means 74 homes sell per month. If 74 homes sell a month and we currently have 498 active homes, then currently in Cleveland Heights there is 6.7 months of inventory in Cleveland Heights.
In other words, we are still in a buyers market in Cleveland Heights. Are you ready to take advantage of the great deals that are out there? If you are, call Erin Oakley with the Weiner Real Estate Group at 216-410-8221 or email info@noplacelikecleveland.com
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