Real Estate Market Update – August 2025

Local Housing Trends You Need to Know

Wondering what’s really happening with the Northeast Ohio housing market in 2025? The headlines can be confusing — and often misleading. That’s because real estate is local, and what’s happening in Los Angeles or Miami might not reflect what’s going on in Cleveland, Akron, or Canton.

Here’s your mid-year Northeast Ohio market update, breaking down the four most important trends buyers and sellers need to know right now.

1. National Housing Headlines Don’t Tell the Full Story

Think of the housing market like the weather — there’s a national forecast, but conditions vary city by city.

In Northeast Ohio, we typically trail the big metro markets by 6 months to 2 years. While cities on the East and West Coasts saw major market shifts a year or more ago, we’re only now starting to feel that change.

The good news?

• Our market is slow and steady, without extreme highs or lows.

• Cleveland remains one of the hottest housing markets in the U.S. thanks to affordability and strong buyer interest.

Tip: Always consult a local Northeast Ohio real estate agent to understand what’s happening in your neighborhood.

2. Rising Inventory – But Still a Seller’s Market

For the last few years, we’ve seen low demand and low inventory. Now, inventory is starting to rise — but not enough to tip the scales.

Key points:

• Buyer demand: Still relatively low

• Sales volume: Still low

• Inventory: Increasing, but still below pre-2019 levels

And remember — 2019 was still a strong seller’s market here in Ohio. We’re not anywhere close to a true buyer’s market yet.

3. Homes That Are Ready to Sell… Are Selling Fast

If you want to sell your home in Cleveland, Akron, or Canton, preparation matters more than ever. Homes that are priced right and in great condition are often selling in less than 30 days — sometimes with multiple offers.

Successful sellers are:

• Setting competitive, strategic prices

• Making needed repairs and updates

• Staging and presenting their homes well

If you skip these steps, expect a slower sale and possibly lower offers.

4. Market Shifts Don’t Equal Price Drops

Hearing the word “shift” makes some people panic, but history says otherwise. Between 1980 and 2024, home values only declined in six years — and five of those were during the housing crisis from 2007–2010.

Right now, there’s no data pointing to major value drops in Northeast Ohio. Instead, we’re seeing a more balanced market, but still one that favors prepared sellers.

Final Takeaway for Northeast Ohio Homeowners & Buyers

The Cleveland, Akron, and Canton real estate markets are adjusting — not crashing. Inventory is climbing slightly, the buying pace is normalizing, but homes priced and prepared well are still selling quickly and for strong prices.

If you want a personalized home value report or help deciding if now is the right time to buy or sell, reach out today.

Jose Medina | Keller Williams Legacy Group Realty

📞 330.417.3144 | Jose@JoseSellsHomes.com