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Cleveland is passing through a growing moment in foreclosure market. Nowadays, we have 141 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Cleveland started September with 65 foreclosures available. October registered a rise to 66 homes, or 1.54%. The city had another growth in November: 3.03%, leaving 68 properties in the market. Things got better in December with a increase to 96 homes in foreclosure available (41.18%). Opportunities kept abundant for buyers last month, with another rise, when Cleveland registered 131 foreclosures, a 36.46% increase comparing to December.
As for the cost, Cleveland has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Cleveland for $63,540, a value 62.80% below the US average price ($170,827), and a 0.00% decrease compared to the prices of January in the city.