Cleveland Real Estate News
Cleveland
U.S. Home Sales Slide 15 Percent Annually in October
Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. All four regions experienced year-over-year sales declines.
Multifamily Apartment Rent Growth in U.S. Slows in Q3
According to CBRE's latest research, the U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs.
One-Third of U.S. Home Sellers Give Concessions to Buyers
Based on new data from Redfin, U.S. home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, 2023. That's about the same as one year earlier, but up from 27.6% from two years ago.
Luxury Home Prices in U.S. Outperform as Affluent Buyers Dodge High Mortgage Rates
According to national property broker Redfin, the median sale price of luxury U.S. homes rose 9% year over year to $1.1 million in the third quarter, while the median sale price of non-luxury homes climbed 3.3% to $340,000. Both were at the highest level of any third quarter on record.
