Interesting Market right now in Cleveland
By Kevin Cahill, REALTY Funnels software, 6 Figure Month coaching
(REALTY Funnels & REALean brokered by eXp Realty)
It's a wet and coldish day here in Cleveland Heights right now... a bit of rain drizzling down on the snow, creating an icy patch of tundra across lawns and under-plowed driveways. The birds are flitting about, looking for food. I just threw the last of my bird seed out for them in my backyard.I had a busy day yesterday with listing appointments, and more listing appointments today. What I am noticing is that the broad absorption rate in most cities on Cleveland's east side is around 16%... almost uniformly. But when you look more closely at smaller segments of the market, say 4 bedroom homes, or homes priced between $200,000 and $250,000, the absorption rate climbs to about 27%... almost uniformly across cities. What that suggests to me is that there are really two markets at play...
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