In Northeast Ohio, sales of new and previously owned properties were off by 13.7% last month, when compared with June 2022. Average prices, meanwhile, are still inching up, buoyed by bidding wars.
Higher mortgage rates are hindering buyers. And existing homeowners with lower-rate debt are staying put, exacerbating a longstanding inventory crunch.
Cincinnati home sales dipped significantly in May. Prices did not wvxu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wvxu.org Daily Mail and Mail on Sunday newspapers.