Summary of Northeast Ohio Real Estate Market Update August 2022

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The real estate market in northeast Ohio is slowly recovering, with increased inventory and historically low mortgage rates. Prices are still climbing, but are expected to slow down in the next year or so. Buyers still have to compete with each other, but they have more options than they did a year or two ago.

• 00:00:00 The market in northeast Ohio is slowly moving in the right direction, with increased inventory and historically low rates of mortgage lending. Prices are still climbing, but are expected to slow down in the next year or so. Buyers are still competing and paying more than they did a year or two ago, but still have a lot of options.