Cleveland area housing prices up first time in year
*Compliments of The Plain Dealer 6.24.08.
Home prices in the Cleveland area increased in April for the first time in almost a year, with improvement across all price levels, according to data released Tuesday.
The Standard & Poor's/Case-Shiller home-price index looks at existing single-family homes sold in 20 major markets, including the Cleveland-Elyria-Mentor area.
Nationally, the index dropped 1.4 percent from March to April. But the Cleveland-area index rose 2.9 percent, marking the first month-to-month home price increase here since May of last year -- and the biggest one-month gain in the 20 metro areas.
The index for lower-priced homes in Greater Cleveland rose the most -- 5.9…