With the start of the new year and goals on the horizon, you might be wondering what is happening in real estate in 2024.
Let’s take a brief look back at what happened in January of 2024 in Lake, Geauga and Cuyahoga counties.
Lake County
137 Homes Sold in January 2024
Average Days on Market: 48
Average Sold Price: $260,170
Min Sales Price: $79,900
Max Sales Price: $2,100,000
266 Homes Currently on the Market
Geauga County
37 Homes Sold in January 2024
Average Days on Market: 49
Average Sold Price: $446,132
Min Sales Price: $27,500
Max Sales Price: $1,330,000
76 Homes Currently on the Market
Cuyahoga County
750 Homes Sold in January 2024
Average Days on Market: 47
Average Sold Price: $217,144
Min Sales Price: $9,000
Max Sales Price: $3,250,000
1,514 Homes Currently on the Market
Whether you are looking to purchase or sell a home this year, the trends we are seeing are positive. The home inventory is slowly increasing, and we are trending towards a traditional seasonal market. Additionally, homes that are priced according to the market, are still selling in a timely manner.
There are many homes that are currently on the market and ready for you to view or purchase. So if one of your goals for the year is to purchase a new home, we can help you get started with your first step.
If you are hoping to sell a home this year, there are a growing number of buyers due to lowering interest rates. If one of your goals for the year is to sell your home, we can help you with pricing, market preparation and the right marketing strategy.
If you have questions about what you are seeing in this data from January or what it means for your home goals, let us know!
