The Northeast Ohio Real Estate Market Update

February 2025 Real Estate Update

This episode covers the latest real estate trends in Northeast Ohio, including a 5.7% drop in closed sales, a 14.3% increase in inventory, and a rise in the median sales price to $207,750. We analyze the evolving affordability landscape, where the Housing Affordability Index has dropped to 148, and discuss how these shifts impact buyer and seller strategies. Learn how technology like generative AI is helping navigate the complexities of today’s market.

Ohio Housing Trends and Affordability Challenges

Ohio's housing market is in flux, with sales reaching a 10-month high and median prices climbing to $404,400, raising affordability concerns for first-time buyers. We discuss rising inventory levels, shifts in buyer preferences for condos and townhomes, and the decline of affordability, especially in Northeast Ohio. Tune in to see how these trends are reshaping real estate opportunities in the region.