CLEVELAND, Ohio- Residence sale costs in Cuyahoga County continued their regular spring rise by way of Could, although the variety of gross sales have been down amid the coronavirus disaster.
The median worth for a single-family residence was $147,000 in Could, marking the fourth consecutive month-to-month improve since dipping to $105,000 in January, cleveland.com analysis discovered.
A yr in the past, the median worth was $125,710 in Could.
But the variety of gross sales fell off by a couple of third final month over Could 2019.
The evaluation of county property switch information contains single-family houses solely, excluding each condos and duplexes, in addition to sheriff’s deed transactions and the handful of gross sales below $1,000.
There have been 1,311 residence gross sales assembly this standards final month, compared to 1,988 in Could a yr in the past.
Final month marked the sharpest drop-off within the the closing of residence offers in the course of the coronavirus disaster, although closings usually take a month or extra to happen after offers are reached. There have been 1,352 such gross sales in April, down from 1,631 in April 2019, and 1,364 in March, down from 1,446 in March 2019.
The median gross sales worth within the suburbs final month was $167,000, up from $157,500 in Could 2020.
In Cleveland, the median was $51,750, up from $47,500 throughout the identical month a yr in the past.
Graphics above and under illustrate gross sales costs for the suburbs, the town of Cleveland and countywide.
Rich Exner, knowledge evaluation editor for cleveland.com, writes about numbers on a wide range of subjects. Comply with on Twitter @RichExner. See different data-related tales at cleveland.com/datacentral.
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