Will the Greater Cleveland housing market become a buyers market in 2023?

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Kathy Davis, a Solon-based realtor with Triv Team, agrees that 2023 will lean more toward a buyer’s market after sellers had the reins in 2022, which would also be a good opportunity for investors.

CLEVELAND, Ohio - After volatile year that that saw sharp spikes in home prices, the Greater Cleveland housing market is closing out 2022 about where it started, but there are plenty of uncertainties heading into 2023 amid both higher interest rates and a possible increase in choices for buyers.

The median price of single-family homes in Cuyahoga County was $157,000 in October and November, cleveland.com found in analyzing transaction data. That’s and well above the fourth-quarter pricing in 2020 and 2019 . If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

 

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