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Business & Tech

House Hunt: Great Housing Deals this Weekend in Hillcrest

Housing inventories are down across the country, interest rates are at all-time lows.

According to an article published in the Wall Street Journal this week, the number of houses listed for sale in U.S. cities during the second quarter declined.

At the end of June, 2.34 million houses were listed for sale on the multiple listing services in more than 900 cities.  That is the lowest level for that time of year since 2007.

We can see this effect in the Hillcrest area as the number of open houses each week continues to decline. 

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Interest rates continue to decrease making your housing dollar go that much further.  Rates for a 30-year fixed mortgage are in the low 4% range. 

Listed below are the sold statistics for Mayfield, Mayfield Village and Mayfield Heights since the first of the year.

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 Active: 0  Pending: 0  Sold: 90  Other: 0  Total: 90    Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM  Minimum  0   0.00   0   $39,000   $42,000   0/0   Average  3   1.97   1,578   $136,034   $124,264   126/169   Median  3   2.00   1,346   $119,950   $108,000   80/122   Maximum  6   6.00   6,030   $525,000   $425,000   607/685   Total Dollar Value           $11,183,739   
  Average DOM Breakdown and Average % of Listing Price received on Solds by Market time:    0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days   No. of Listings   15    16    17    6    36   Breakdown %   16.67    17.78    18.89    6.67    40.00   Avg SP%LP   94.79    89.28    91.63    89.18    91.27 

 

  Average CDOM Breakdown and Average % of Listing Price received on Solds by Market time:    0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days   No. of Listings   13    10    15    7    45   Breakdown %   14.44    11.11    16.67    7.78    50.00   Avg SP%LP   94.75    91.64    92.01    91.05    90.41 
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