Listings with price cuts are on the rise in Cleveland with nearly 36 percent of listings in March taking a hit. Twenty-six percent of all sales in March were foreclosures, which means there is a lot of distressed inventory that helps keep a lid on the price of non-distressed listings. All of this means there are bargains for buyers in Cleveland.
2195 W 41st St, Cleveland, OH 44113
Home for sale: $179,000
Price cut: $3,000 (May 3)
Just minutes to downtown Cleveland, this two-story contemporary Colonial has an open floor plan with 12-foot ceilings, 2.5 baths and 2 oversize bedrooms. The home was featured on the Ohio City Home Tour.