📊 September 2025 Cleveland Real Estate Market Update 🏡

Hey everyone! 🎙️ It is time for your September real estate market update for Greater Cleveland and Northeast Ohio. This month, we are breaking down two key graphs showing inventory trends, sales activity, home values, and market pace—and what it all means for buyers and sellers right now.

📉 Graph 1: Listings vs. Sales (2020–2025)

In Graph 1, the green line represents active listings (homes for sale), and the blue line shows the number of sales. Here is what we are seeing:

🔻 Inventory is still flat. In August 2025, we had just over 2,800 active listings, nearly identical to levels seen all the way back in August 2020.
🏡 Despite a small uptick from recent months, no real increase in inventory is on the horizon.
📉 Sales are slowing. Only about 1,300 homes sold last month—down from what would be considered a “normal” August. Buyer activity remains sluggish due to ongoing affordability challenges and elevated interest rates.

💰 Graph 2: Prices & Market Speed (2020–2025)

Graph 2 shows the green line as median sale price and the blue line as median days to sell. Here is the breakdown:

💵 Prices remain strong. August 2025’s median sale price came in at $245,000, just slightly down from July’s all-time high of $253,000.
🕒 Homes are selling quickly. The median days to sell is only 19 days, indicating a very competitive market for buyers.
📈 Compared to five years ago, homes were taking over 30 days to sell and the median price was only $165,000. That is nearly a 50% increase in value in just five years!

🔮 What Does This Mean?

Despite national trends shifting toward balanced or buyer markets, Cleveland remains a strong seller’s market. Here is why:

⬇️ Low inventory: Still hovering around 2,800 listings, with no meaningful increase in sight.
💰 High prices: Median prices continue to rise year-over-year.
⚡ Quick market times: Homes are moving fast—less than 3 weeks on market.
📉 Buyer activity is down, but competition remains due to limited supply.

Until interest rates drop or inventory rises significantly, expect more of the same in the months ahead. Cleveland continues to defy national trends with a strong and steady seller’s market.

📲 Thinking about buying, selling, or investing? Visit 21Mike.com and click the button at the top to schedule an appointment with me or someone on the 21 Mike Team.

✅ Follow us on YouTube and social media so you never miss an update!

For more great Real Estate content:

You can listen to our Podcast FREE BEER AND REAL ESTATE, or on YouTube for Mike’s weekly classes!!!

https://freebeerandrealestate.buzzsprout.com/