Is the Inventory Shortage Ending in Northeast Ohio? 

The number of active residential real estate listings in Northeast Ohio is up nearly 30% year-over-year—a positive sign that we may finally be easing out of the prolonged inventory shortage. But does this mean we are heading toward a balanced market?

Active Listings Are Rising—But Context Matters

In April 2025, Northeast Ohio saw 2,252 active residential listings (single-family homes and condos), up from 2,098 in March and a significant jump from 1,734 in April 2024. That is nearly a 30% year-over-year increase.

However, when we compare that to April 2020, which had 3,140 listings, we are still down 28% from pre-pandemic levels. While the increase is encouraging, it is important to recognize that we are still well below historic norms.

Sales Volume Remains Low

Despite the rise in listings, the number of closed sales remains sluggish. April 2025 saw 1,089 sales, slightly up from 964 in March, but still trailing behind April 2024’s 1,147 and April 2020’s 1,196.

This shows us that higher interest rates and buyer hesitancy are still playing a major role in holding back transaction volume.

Prices Are Still Climbing

The median sales price in April 2025 reached $220,000, up 10% from $200,000 a year ago, and a significant increase from $155,000 in April 2020. This continued appreciation highlights the persistent demand in our region.

Days on Market Reflect a Seller’s Market

Despite the inventory increase, homes are selling faster than they were a year ago. In April 2025, the median days to contract was just 16 days, down from 20 days in April 2024, and far below 34 days in April 2020.

This is a clear indicator that we are still in a strong seller’s market, even with more homes hitting the market.

What Should Realtors Be Watching Now?

• Interest Rates: A drop back into the 5% range could reignite buyer demand and bring a surge in sales activity.

• Economic Conditions: Any signs of a recession could pressure the Fed to lower rates, which could lead to a temporary spike in the market.

• Inventory Trends: Continued listing growth is positive, but we are not yet at a balanced market.

Bottom Line for NE Ohio Realtors

While inventory is moving in the right direction, Northeast Ohio is still experiencing strong demand, rising prices, and fast-moving homes. This creates both challenges and opportunities for agents. Stay informed, educate your clients, and be prepared to pivot as market dynamics continue to shift.

Looking to stay ahead of the curve? Visit 21Mike.com to schedule an appointment or connect with our team.

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