10/21/2018

Northeast Ohio Home Sales Down 5.9 Percent in September

The decline is likely tied to increasing mortgage rates

Northeast Ohio home sales stuttered in September, cooling as autumn set in and as prices and mortgage rates climbed.

Sales of new and previously owned homes were down 5.9 percent across the region when compared with a year before. And sales slowed substantially from August, according to data from Yes MLS, a real estate listing service that spans 18 counties.

The declines weren't universal. Though September sales were off by 10.8 percent in Cuyahoga County - by far the busiest area of the region - they perked up in counties including Lake, Mahoning and Medina. Summit County sales were flat.

Please select this link to read the complete article from The Cleveland Plain Dealer.