Have you heard the one about Cleveland’s housing market? You know, the one where prices are going down faster than a pancake falling off a griddle? Well, we’re here to tell you that there’s more to the story than meets the eye. In fact, there’s a lot of interesting data behind the Cleveland housing market that might surprise you.
Parcl Labs Real Estate Api
At Parcl Labs, we’ve been tracking the Cleveland housing market for years. We use our state-of-the-art real estate analytics to gather data on housing prices, market trends, and more. With our Parcl Labs Real Estate Api, you can access all of this data for yourself.
Housing Market News
Let’s start with some good news: the Cleveland housing market is actually showing signs of improvement. While it’s true that prices have gone down significantly from their peak in 2022, they’ve started to level off in recent months. In fact, the Cleveland housing market is showing some signs of stabilization.
Why is Housing So Expensive?
One question that many people have about the housing market is why houses are so expensive right now. There are a number of factors that contribute to high housing prices, including a shortage of inventory, low interest rates, and high demand from buyers. However, these factors aren’t affecting every housing market equally.
Housing Market 2023
So, what does the housing market look like for 2023? While we can’t predict the future, we can say that the Cleveland housing market is likely to continue to show signs of improvement. With a steady supply of new construction and a stable job market, there’s reason to believe that housing prices in Cleveland will start to rise again in the near future.
How Data is Real Estate
One of the things that makes the Parcl Labs Real Estate Api so powerful is the data that it provides. By analyzing this data, we can gain insights into the housing market that wouldn’t be possible otherwise. For example, we know that the age of a typical home sold over the last 12 months is 67 years old, and that the square footage of an average home was 1,680 square feet.
Frequently Asked Questions
What is the current price per square foot in Cleveland?
The current price per square foot in Cleveland is $108.12, as of February 22, 2023.
How much has the Cleveland housing market gone down from its 2022 peak?
From its 2022 peak, the Cleveland housing market is down -10.83%.
What percentage of homes sold in the last 12 months were Single Family Residences?
Over the last 12 months, 78.76% of homes sold in Cleveland were Single Family Residences, 8.34% were Condos, and 2.32% were Townhomes.
Sign Up for the Parcl Labs Real Estate Api Today!
If you’re interested in learning more about the Cleveland housing market or accessing real estate analytics for any other market in the US, sign up for the Parcl Labs Real Estate Api today. With our powerful data analysis tools, you can gain insights into the housing market that will help you make informed decisions about your investments.