Average Days on Market
Source: Northern Ohio Regional Multiple Listing Service

  • Average days on the market in November 2007 was 90 days.
  • Average days on market from January to November 2007 is up 10% from 2006 at 88 days.

These statistics include listings from Ashtabula, Cuyahoga, Geauga, Lake, Lorain and Medina counties, as well as a limited number of listings from various neighboring counties. Based on information from the Northern Ohio Regional Multiple Listing Service (NORMLS) for the period of November 1, 2007 to November 30, 2007.

Additional 2007 Cleveland Real Estate Statistics
Source: Cleveland Area Board of REALTORS

  • 81% of all sellers use a full-service real estate company to sell their home.
  • 90% of buyers who used a REALTOR were very satisfied with their agent's knowledge and professionalism.
  • The average return on a home purchase with a 5% down payment over 10 years is 3-5 times greater than stock market returns.
  • 98% of all mortgages are being paid as agreed and on time.

 

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ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED