The median price for single-family homes in Cuyahoga County was $175,000 during the third quarter of the year - July through September - marking little change from a median of $173,000 during the second quarter, county property records show.
CLEVELAND, Ohio - In spite of rising interest rates, Cuyahoga County home sale prices have remained stable over the last several months.
Though down some in the last quarter, the median price of single-family homes solid in Cuyahoga County in July, August and September was $175,000, up from $165,000 during the third quarter a year ago, a cleveland.com analysis found., it is no surprise demand could change. The average rate on a 30-year fixed mortgage was 6.94% Oct. 20, after starting the year at close to 3%, according to Freddie Mac, a government-sponsored home-loan agency.
Prices are expected to dip into the fourth quarter based on trends in previous years, which Davis attributed to sellers becoming more negotiable during this slower season.