real estate
City-by-city price guide: Cleveland
The depressed economy, fueled by woes in the automobile industry, has created oversupply in Cleveland, Markstein says. Its foreclosure rate is the sixth highest nationally, according to RealtyTrac. It's one of the markets, however, that Local Market Monitor identifies as undervalued.
| | Median price end of 2007: | $132,400 | | Median price end of 2006: | $138,700 | | % change: | - 4.5 % | | Projected change through Q3 2008: | - 0.5 % | | Affordability rating: | N/A | | Foreclosures in 2007:
(1 for every 34 households) | 27,848 | | Foreclosures in 2006:
(1 for every 71 households) | 13,109 | | Change in foreclosures: | + 112.4% |
|
| Current rate comparison | Price trends
�
|  |
|
|