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20/20 Real Estate Blog

General Market Update Cleveland

General Market Update:

Despite economic challenges this spring, our leasing results over March and April have been outstanding. Most units are rented within 2 weeks. The retail market continues to remain steady. Our MLS listings to homebuyers are receiving multiple offers due to historically low inventory numbers. 

Our inventory is being updated with new properties regularly, including an ever-popular duplex - being announced today for the first time to our direct buyers. 

20/20 Real Estate Quick Stats:

  • Rentals are being leased within 2 weeks

  • MLS listings to homebuyers are receiving multiple offers.

  • Direct buyer purchases can close in 30 days. 

    From an CNBNC article published today:
  • Purchase volume was just 1.5% lower than a year ago, a rather stunning recovery from just over a month ago, when purchase volume was down 35% annually.
  • Mortgage applications to purchase a home rose 6% last week from the previous week, according to the Mortgage Bankers Association.