09/15/2026
Buyers⦠Iām going to say something I havenāt been able to say in a while:
You have options.
Actual options.
And if buying a home in Northeast Ohio has been sitting somewhere in the back of your mind, I wouldnāt ignore whatās happening in this market right now.
Here are a few numbers worth paying attention to:
š Cleveland-area active inventory was up 13.6% year over year in August.
š New listings were up 6% year over year.
š About 20% of listings had a price reduction.
š Homes were still movingāwith a median of 41 days on market, considerably faster than the national median of 60 days.
Thatās an interesting combination. More inventory. More seller competition. More price adjustments. But still enough buyer demand that the good houses arenāt necessarily sitting around waiting for someone to make up their mind.
That is opportunity.
For buyers, more inventory means you can actually compare homes instead of feeling like you have to grab whatever hits the market.
You may have more room to negotiate price, possession, repairs or other terms depending on the property.
For sellers, this isn't bad newsābut it does mean the strategy has changed.
Buyers have choices now.
If your house is competing against five others that offer more value, better condition or a more realistic price, buyers can simply move on to the next one. Pricing high just to āsee what happensā can get expensive when the answer turns out to beā¦not much.
And here's the part where I think some buyers are getting stuck:
Theyāre waiting for one perfect number to tell them when to buy.
Financing doesn't work that way.
The rate and loan options available to you depend on individual variablesāyour credit profile, loan program, down payment, property type and other factors. A headline or something your neighbor tells you they received isn't your financing scenario.
Before deciding that buying doesn't make sense, get your own numbers.
I can connect you with a reputable lender and let you have the pre-approval conversation. No house required. No commitment to buy. Just information.
Then we can talk about whatās actually happening in the Northeast Ohio communities youāre consideringāthe inventory, recent sales, competition and where there may be room to negotiate.
Information first. Decision second.
Because there is opportunity in this market.
You just need to know where it is.
Toni Noday-Krager, RealtorĀ®
Clorice Vines Group at McDowell Real Estate