Home sales and prices are up substantially in 2016 compared to 2015 in the Cleveland area suburbs. Home sales are up 17% year-to-date and average home prices have risen 4%. Inventory levels are very low, down 15-40% compared to past years across most suburbs. This low inventory combined with increasing demand has created strong seller's markets in the region, with homes typically selling within 1-3 months. The hot real estate markets include Lakewood, Brunswick, Brook Park and Parma, which are seeing double digit increases in home sales and prices.

1. GREATER CLEVELAND HOMES & REAL ESTATE
2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS – SUMMER, 2016
Brought to you by LisaHumenik, RE /MAX Crossroads More news at : Facebook.com/AmazingNortheastOhioHomes
HOME SALES
IT’S A GREAT TIME TO SELL A HOME!
The Northeast Ohio real estate market has changed significantly in the past year turning to a SELLER’s advantage in most suburbs. The
number of homes available for sale has continued to decline while home sales are increasing which has helped boost sales prices and
decrease market time for home sellers. With mortgage rates still at historic lows, a home buyers cost of purchasing a home is lower and
more affordable than ever which is boosting demand. Homes that are in very good condition and that are priced and marketed effectively
are selling for higher prices which is driving up home values. Home owners throughout the area are seeing their homes value and equity
increase which is a welcome change from the past years. All and all.. It is a great year to move!
HOME PRICES
HOMES SALES ARE UP 17% OVER 2015
The number of homes sold YTD (Jan-May) in 2016 in Cuyahoga
County suburbs is up 17% over the same period last year (SEE
CHART). A even bigger indicator of future sales is that Pending Sales
Contracts are up over 36% from May last year.
Many suburbs are seeing even stronger sales gains. The top sales
gains YTD in the Greater Cleveland SW Suburbs are as follows:
Strongsville (+40%), Lakewood (+38), Middleburg Heights (+32%),
Brunswick, Brunswick Hills (+31%), Olmsted Falls (+29%), and Parma
(+26%). Home sales have continued to increase in spite of declining
home inventory for sale.
HOMES PRICES ARE RISING IN ALMOST ALL
SUBURBS – UP 4% IN CUYAHOGA COUNTY
The Average Sale Price of Homes sold YTD (Jan-May) in 2016 in Cuyahoga
County suburbs is $143,000 up 4% over the same period last year (SEE
CHART NEXT PAGE FOR ALL SW SUBURBS). The average List Price
has increased by over 10% since 2015. Many suburbs are seeing double
digit sold price increases. Suburbs with the highest home sales price
increases YTD over 2015 are as follows (Average Home Sales Price):
1. ROCKY RIVER – UP 18.8% TO $329,000 AVG
2. BEREA – UP 15% TO $136,000 AVG
3. BROOKPARK – UP 13% TO $103,000 AVG
4. WEST PARK - CLEVE W OF 140TH (KAMMS) – UP 12% TO
$93,000 AVG
5. LAKEWOOD – UP 12.3% TO $169,000 AVG
6. PARMA – UP 8% TO $97,000 AVG

2. 2016 YTD HOME SALES REPORT CARD
HOME SALES DATA – COMPARISON OF SW SUBURBS
 Months of Inventory ( based on Closed Sales) = the number of properties for sale divided by the number of properties sold.
Three (3) months or less inventory is a Seller’s Market. A Buyer’s Market is greater than 6 months of Inventory. Balanced = 3 < 6
months inventory.
 Absorption Rate – Percent of Homes for Sale that went under contract (Pending)
CITY NUMBER OF HOMES
FOR SALE
(+/- %
TO 2015)
As of 6/1/16
CURRENT MONTHS
OF
INVENTORY*
(Buyer or Seller’s
Market)
2016
AVG SOLD PRICE
YTD 2016 - AVG
(% TO SAME PERIOD
2015)
2016
# YTD HOMES
SOLD
(% TO SAME
PERIOD 2015)
KEY MARKET TRENDS
BEREA 46
( - 40% )
1.9
SELLER
$136,000
(+ 14.8%)
100
(+23.5%)
VERY LOW INVENTORY /
STRONG SALES & PRICE
APPRECIATION
BROOK PARK 41
(+ 7.9%)
1.7
SELLER
$103,000
(+13%)
92
(+16.5%)
INCREASED HOME SALES &
PRICE APPRECIATION
BRUNSWICK 88
( - 40% )
1.4
SELLER
$178,000
(+3.4%)
254
(+31%)
VERY LOW INVENTORY /
STRONG SALES
LAKEWOOD 59
(- 18%)
1.3
SELLER
$169,000
(+12.3%)
200
(+38%)
STRONG GROWTH IN HOME
SALES & PRICES
MIDDLEBURG HTS 35
(+ 13%)
1.9
SELLER
$150,000
(+5.8%)
58
(+32%)
MODERATE PRICE &
INVENTORY GROWTH
NORTH OLMSTED 70
(-35%)
1.9
SELLER
$134,000
(+1%)
143
(+9.2%)
PRICING & SALES NUETRAL
NORTH ROYALTON 74
(-32%)
2.5
SELLER
$204,000
(-1.7%)
91
(+1%)
PRICING & SALES NUETRAL
OLMSTED FALLS /
TOWNSHIP
83
(-20%)
3.1
NUETRAL
$135,000
(-6.8%)
111
(+29%)
HOMES SALES INCREASING
BUT PRICING DECREASING
PARMA 202
(- 32%)
1.8
SELLER
$97,000
(+8%)
438
(+25.5%)
GREAT MARKET RECOVERY
- HOME PRICES AND SALES
UP SUBSTANTIALLY
PARMA HEIGHTS 40
(- 38%)
1.2
SELLER
$99,000
(+6.5%)
98
(+24%)
INCREASED HOME SALES &
PRICE APPRECIATION
ROCKY RIVER 44
(-33%)
1.5
SELLER
$329,000
(+19%)
104
(+9.5%)
STRONG PRICE
APPRECIATION AND SALES
STRONGSVILLE 130
(-37%)
2.1
SELLER
$221,000
(+3.2%)
229
(+40.5%)
VERY STRONG HOME SALES
GROWTH
WEST PARK 92
(-30%)
2.2
SELLER
$93,000
(+12%)
202
(+19.5%)
INCREASED HOME SALES
& PRICE APPRECIATION
ALL CUYAHOGA
COUNTY
4,198
(-15.6%)
2.4
SELLER
$143,000
(+4.2%)
4,986
(+17%)
SELLER’S MARKET.
STRONG SALES & PRICE
APPRECIATION.

3. GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS
DAYS ON MARKET
DAYS ON MARKET (#DAYS TO SELL) IS DECREASING
The number of days it takes to sell a home has been decreasing as the
market has become tighter and inventory is low. In the past five years,
total days on market (CDOM) peaked at 139 days in 2011 and is now 97
days – a 30% decrease! So we are seeing homes sell significantly
FASTER! With low interest rates and rising prices, it is a great time to
sell. So, if you list your home, be ready to get moving!
CDOM is Cumulative Days on Market and includes if a home was on the
market and then expired and re-listed. Days on Market (DOM) is the
number of days to sell in the current listing period. Today;s DM in
Cuyahoga County is averaging 76 days from list date to close.
WHERE HAVE ALL THE LISTINGS GONE?
NUMBER OF HOMES FOR SALE (ACTIVE
LISTINGS) AT 5 YEAR LOWS
The inventory of homes “For Sale” in Cuyahoga County (see
CHART) has been consistently decreasing over the past 5
years. Even with the positive trends in 2015, we have yet to see the
inventory of homes increase to levels higher than the past five
years. At the start of June, we had 4,198 Single Family homes for
sale in Cuyahoga County compared to 7,945 in 2011 - a 47%
decrease! The low supply of homes for sale has assisted in
boosting sales prices and lowering the time it takes to sell a
home. The reasons for the strong year-over-year home
appreciation numbers we have been seeing is simple to explain:
demand for housing is up and the supply of homes for sale has
been at historic lows.
MONTHS OF INVENTORY
CUYAHOGA COUNTY INVENTORY AT 3.4 MONTHS
The Average current market inventory in Cuyahoga County is
3.4 months. This is a still a Balanced Market county-wide (but
moving towards Sellers). But most all Southwest Suburbs are
now SELLER’s markets (a Sellers Market is 3 months or less of
inventory and a Buyers Market is more than 6 months of
inventory). Markets with extremely low inventory and high
turnover include Lakewood, Brunswick, Brook Park, an Parma
Heights.
Download the complete Market Trends Report at NortheastOhioMarketReport.com

4. IMPORTANT INFO FOR HOME BUYERS
If you are thinking of buying a home, check out all the great local homes for sale at AmazingNorthestOhioHomes.com
and call me for a lender referral and professional assistance at (440)476-4959.
HOME BUYER GRANTS & DOWN PAYMENT ASSISTANCE PROGRAMS
NHS GREATER CLEVELAND - Eligible homebuyers can receive down payment assistance in the amount of up to 17% of the
total transaction. The total calculates as purchase price plus 5% of purchase price for closing costs. The homebuyer will be
responsible for a minimum of 3% of the total transaction contribution towards the purchase. The assistance is provided in the
form of a deferred mortgage loan (50% forgiven after 10 yrs of occupancy). Info @ https://www.nhscleveland.org.
CLEVELAND CITYLIFT PROGRAM - Provides eligible homebuyers with $15,000 in down payment assistance on qualified
properties in the City of Cleveland. Income restrictions apply.
OHIO FINANCE AUTHORITY (OHFA) - Down Payment Assistance allows homebuyers to choose either 2.5% or 5% of the
home's purchase price. Assistance can be applied toward your down payment, closing costs or other pre-closing expenses.
Down payment assistance is forgiven after seven years. If you sell or refinance your home within seven years, you must repay
all of the assistance provided. More info at http://myohiohome.org/downpaymentassistance.aspx
There are several programs available for down payment and closing cost assistance to Northeast Ohio homebuyers who
qualify. Here are details on a few of the available programs:
Whether you are a first time home buyer or repeat buyer, the first step in the process is to get pre-qualified for a mortgage.
This is necessary before you can approach a seller with an offer to purchase a home.
Interest rates are projected to increase slightly over the course of 2016. The experts predict that home prices will
continue to appreciate for the remainder of the year. If these trends continue, families could wind up paying considerably
more for their home by waiting until later or next year. This year is a great year to make a move because of rising resale
values and affordability to purchase (especially compared to renting).
In many markets, rents are rising to unsustainable levels, reports the National Association of Realtors (NAR). "In the past five
years, a typical rent rose 15% while the income of renters grew by only 11%.“. Today buying is 38% cheaper than renting
nationwide, and buying is cheaper than renting in all of the 100 largest metros. In the Cleveland & Akron metro areas it is
58% cheaper to buy verses rent. A great resource to compare what is a better for you is to visit Trulia’s online “Rent vs.
Buy” Calculator at: http://www.trulia.com/rent_vs_buy/

5. SELLING YOUR HOME
If you are thinking of selling your home, my Home Marketing Program attracts MORE interested buyers to your home
with today's most effective and ADVANCED real estate marketing techniques with results that are Guaranteed! Here's why
the smart seller program is unique:
SELLING BY OWNER?
SPONSORED ONLINE ADVERTISING - Over 90% of buyers look for a home on the Internet first before requesting a
showing for your home! My clients receive extensive online advertising 24x7 on REMAX.com, Realtor.com,
Cleveland.com, Zillow.com, Trulia.com, and on over 500 affiliated internet websites. By showcasing your home, your
home will appear highest in buyer searches, tripling the number of buyers who will see your home.
WIDE ANGLE LENS PHOTOGRAPHY - Interior & exterior pictures taken with a wide-angle lens professional
camera producing “magazine quality” pictures which showcase your home in the best way possible. Your 1st showing
of your home is online, it is imperative that your home shows better than others
VIDEO MARKETING - A Video of your home will be taken by a professional photographer. Your
professionally produced video will include music and great photography highlighting your home’s best
features. Your 1st Showing is online, so when the buyer comes in person, they will come ready to buy.
YOUR HOME’S EXCLUSIVE WEBSITE - An exclusive website will be created just for Your
Home, eg.. "YourAddress.com". The website for your home will allow your video, pictures,
description, neighborhood information, and any other relevant info to be showcased in one
place. Your home will have its own web address (URL) which buyers can use to search for
your home directly on the internet, i.e. http://123YourAddress.com.
SOCIAL MEDIA ADVERTISING on Facebook, Instagram, and Twitter targeted at local buyers - creating a BUZZ
around your listing! Paid social media promotion is a important element of a successful marketing plan. Sample
promotions include: Facebook “Promoted Posts” and "Just Listed" Announcements of your home’s listing and Video to
targeted home buyers, Instagram photos shared on the web, and fan page promotion.
SHORT TERM LISTING - You will not be asked to sign a long-term listing agreement. I am so sure you will be happy
with my services and that your home will sell quickly, we can agree to a short-term agreement (as short as 90-180
days) to get your home SOLD. Also, you can cancel at ANY time.
CUSTOMER FEEDBACK by RealSatisfied® - Your complete satisfaction is my #1 Priority and we
strive to get better every day. Every client is asked to complete a 3rd party independent post-sale
customer satisfaction survey by RealSatisfied® so they can tell us what they loved most and identify
any ways we can get even better.
100% HAPPINESS GUARANTEE - You will LOVE our services and will want to tell your friends and family!
However, if you change your mind for ANY reason, you can cancel your listing agreement anytime!
If you are currently selling your home By Owner, check out my Smart Seller Program. Here’s how it works:
1. You continue to market your home to find a buyer by yourself “By Owner”.
2. Plus, you allow me to concurrently market your home to the 25K+ buyers online, in print, and on social media. I will provide
you with a full fledge marketing program to sell your home for the highest price … BEFORE you do. If I find the Buyer, you pay
me the agreed Commission if you accept the offer on your home. In addition, the sales, showings, and closing process will be
all handled for you… from Listing to your home’s Closing! If YOU find the Buyer, then you pay me NOTHING! We withdraw
your MLS listing and you sell by Owner. No Strings Attached. No contractual obligation. Check out SmartSellerOffer.com.

6. Download the complete Market Trends Report at NortheastOhioMarketReport.com
YOUR HOME MAY BE WORTH MORE NOW!
CHECK OUT OUR NEW WEBSITE & FACEBOOK PAGE!
CONTACT INFO
PHONE: (440)476-4959 * EMAIL: lisahumenik@gmail.com * WEB: http://lisahumenik..com
http://facebook.com/lisamariehumenik or FANPAGE@ http://Facebook.com/AmazingNortheastOhioHomes
http://linkedin.com/in/lisahumenik * New BLOG COMING SOON!
GREATER CLEVELAND - 2016 YTD HOME SALES REPORT - SOUTHWEST SUBURBS
WONDERING WHAT YOUR HOME IS WORTH NOW?
Market conditions have changed dramatically over the past few years
– especially in the Southwest Suburbs. The GOOD NEWS is… most
likely your home may have gone up in value! If you would like a
current professional estimate and/or neighborhood value report,
please contact me at (440)476-4959 or lisahumenik@remax.net.
Looking to Buy a Home? Our RE/MAX home search
Website has recently been improved to allow even easier
navigation to find homes for sale. You can subscribe for
daily updates of “JUST LISTED” homes and get tons of
neighborhood data to assist you in your home search.
Check it out at: http://LisaHumenik.com or
AmazingNortheastOhioHomes.com.
AMAZING NORTHEAST OHIO HOMES
FACEBOOK PAGE
Also, my Facebook Page features up-to-date news on the real
estate market in Greater Cleveland and the latest HOT new
home listings. All the newest home listings are featured and
showcased to local home buyers.
Check it out and “LIKE” my page and check it out at:
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