The brief report is a summary of residential single family home sales in the Greater Cleveland SW suburbs,

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
SOUTHWEST SUBURBS – HOME SALES DATA
 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. FRIENDS & FAMILY DISCOUNT PROGRAM
15% OFF DISCOUNT TO ALL PAST CLIENTS AND REFERRALS!
All past clients and any friends or family you refer receive 15% off the standard sales commission for selling your home. Your loyalty is
very much appreciated and I will always work hard to earn and keep your business. Home sellers and buyers also receive discount on
your closing costs from Ohio Real Title as well. Just call me at (440)476-4959 or email me and I will take the best care of you possible.
Download the complete Market Trends Report at NortheastOhioMarketReport.com
YOUR HOME MAY BE WORTH MORE NOW!
THINKING OF SELLING YOUR HOME?
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.
My RE/MAX home search Website has recently been
improved to allow even easier navigation to find homes
for sale. Check it out at: http://LisaHumenik.com
Also, my Facebook Page features up-to-date news on the
real estate market and the latest HOT new home listings.
Please “LIKE” my page and check it out at:
http://Facebook.com/AmazingNortheastOhioHomes
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