894 Homes Sold in Cuyahoga County in December 2006

They made some changes to the listing service (MLS) tax information section and it automatically provided some results I found a bit interesting. It covers home and condominium sales for October and November 2006 and compared them to sales in 2005 for the same months. This is for all of Cuyahoga County:

Sales Statistics
for CUYAHOGA County OH

Single Family Residence

Time Period
Number of Sales
Median Sale Price

Nov 2006
1,153
$128,900

Nov 2005
1,336
$128,000

Oct 2006
1,295
$130,000

Oct 2005
1,395
$127,450

2006 YTD
15,692
$131,000

2005
17,056
$130,000

Condominium

Time Period
Number of Sales
Median Sale Price

Nov 2006 151
$130,000

Nov 2005
147
$120,000

Oct 2006
163
$115,000

Oct 2005
136
$118,350

2006 YTD
1,950
$117,000

2005
1,960
$115,000

I just did my own report, for all of Cuyahoga County sales in December 2006:



There were 894 homes and condos sold.

The average sale price County wide was $154,137.03

The only other thing I want to say about this chart is the comparison of 2005 to 2006.

Condos: fewer sold in November 2006 but the median sale price was higher by $10,000


Homes: 183 fewer single family homes sold in November 2006 than 2005, but the median sale price was $900 higher...so about the same but certainly not a decline!


I found it interesting to note that the 'bubble bursting' that we hear about on the National News or on National Websites has fortunately not been an issue in Cuyahoga County. We did have a few years when homeowners experienced a bit higher percentage of profit on the sale of their home than normal. Some communities like Lakewood and Westpark saw double digit growth. So this past year saw a slower pace of increases. Closer to 1%. I'll post monthly updates for the County, which means soon I can do January 2007. Granted, the above stats do not take into account how many people may have pulled their homes off the market because they changed their minds or the homes did not sell. It also does not reflect information on homes that sold privately without the benefit of a Realtor®.



Peace Out - 3C