Northeast Ohio

Real Estate

January 9, 2026

Happy Friday!

Hope you're doing well and had a great week!


Thank you for checking out this email. If you have any questions, please don't hesitate to reach out.


-Pat

Seller’s Corner: January – A Steady Start, Strategic Sellers Are Still Winning


Heading into the new year, the Greater Cleveland real estate market is settling into a balanced rhythm. It has been and will continue to be great for buyers. It can be scary for sellers without the right strategy. We’re not in the full-on frenzy of past pandemic peaks, but homes in strong neighborhoods continue to hold value and attract serious buyers.


Prices Are Still Rising, Albeit Slowly and Steadily

Experts expect home values in the Cleveland area to keep inching up in 2026, with modest but consistent growth rather than rapid jumps. This steady appreciation means sellers entering the market now are likely to benefit from equity gains built over years rather than chasing short-term spikes that fade as inventory shifts.


Demand Is Calm But Real

Motivated buyers are active in January, especially those who resolved to find a home early in the year. January can be strategic. Fewer listings mean your home stands out, and many buyers who paused over the holidays are ready to act. Local trends show lower winter inventory often leads to stronger interest from serious buyers.


Pricing Strategy Still Matters More Than Ever

Mortgage rates are expected to stay in the mid-6% range into 2026, which keeps monthly payments significant for many buyers. That means realistic pricing based on today’s data, not nostalgic comps, is critical. Homes priced right will attract more showings and solid offers. Homes priced high will… and sit… and sit…


Inventory Is Up Compared to a Few Years Ago, But Still Limited

Inventory growth from 2025 has given buyers more choice, yet supply remains tighter than long-term historical norms. That balance is creating a market where sellers with well-prepared homes still hold advantages, especially in desirable Greater Cleveland neighborhoods.


Rates Remain Stable – And Cleveland’s Value Still Shines

While mortgage rates are higher than pandemic lows, they are expected to be relatively stable and possibly soften slightly as the year progresses. Every source I’m looking at says mortgage rates are in the mid-6s and will stay that way all year. Cleveland and its suburbs continue to rank as strong value markets compared with most coastal metros, drawing buyers seeking affordability without sacrificing lifestyle.


What This Means for You in Early 2026

If you’re thinking about selling in January through spring:

  • Expect interest from serious buyers, especially early in the year
  • Plan for a slightly longer time on market than the frenzy years, but still strong outcomes for well-positioned homes
  • Nail your prep. Staging, condition, photos matter. Prioritize cleaning and decluttering
  • Price based on today’s local data, not the highest comps from 2021–2022
  • Use winter and early spring to capture buyers who want to close before spring competition

The sellers who win now are the ones who enter the market with clarity, preparation, and realistic expectations, and who leverage the appeal of affordability, community, and quality of life.


Thinking about selling this winter or spring?


Let me know if you'd like to chat to make a plan.


-Pat

2025 Recap


On paper, this looks like my best year yet. But paper rarely tells the real story…


The real story begins at seller's kitchen tables- letting go of a place that held birthdays, holidays, arguments, coffee in the morning and wine in the evening. Or the first-time buyer, nervous sweating at every stage, trying to stay calm, looking for reassurance they made the right call.


Every deal this year came from the same fragile thing: trust. Past clients, friends, family, referrals. People to didn’t have to say my name...but did.


As for the theme of 2025, I’d say:

1) Do what you say you're going to do

2) Follow up with people

3) Take the stress away from the client and onto my plate


I didn’t win anything this year; I was allowed to do the work. For that, I am grateful.


If you were a part of this year in anyway, thank you, it means the world to me


So, cheers to showing up again today and tomorrow- with respect for the work, appreciate for the people, and no interest in taking any of that for granted.

Quick Homebuyer Checklist

Whenever I'm meeting a new buyer, I love taking the time to get to know exactly my new client is and what their precise goals are with the move. Ask any buyer I've worked with over the years, our initial consultations is invaluable to go over all of their questions and help them understand the process and current market. On my end, it helps me understand their precise buying criteria so I can start looking for the best possible options.


Knowledge

  •  Realtor (I would love to interview with you!)
  •  Local down payment assistance programs
  •  Local first-time buyer programs
  •  Local property tax rates 
  •  Budget numbers 
  •  Realistic homebuyer wish list


Money

  •  Qualifying credit score (These have changed recently, so please reach out and I can connect you with the right lender)
  •  Qualifying debt-to-income ratio (maximum 43% of total income)
  •  Sufficient down payment (minimum 3% for conventional loans)
  •  Cash for closing costs (typically 2%–5% for buyers)
  •  Money for moving expenses (movers/truck rental, packaging, temporary housing)


Documents

  •  Pay stubs from the past 30 days
  •  W-2 forms from the last two years
  •  Federal tax returns from the previous two years
  •  Recent bank statements (usually 3 months)
  •  Investment account statements
  •  List of monthly debts (credit cards, student loans, car loans)
  •  Proof of rental payment history (if you're currently renting)
  •  Employment verification letter from your employer
  •  If self-employed: Profit and loss statements, business tax returns, 1099 forms

Once you're house-hunting:

  •  Mortgage pre-approval letter (I have a dozen great options)

Before you close on the house and get the keys:

  •  Purchase agreement (I can give you a sample if you'd like)
  •  Ohio Residential Property Disclosure Form
  •  Title documents
  •  Home inspection report
  •  Additional home inspection reports (e.g., termites, radon)
  •  Home repair/renovation quotes
  •  Closing Disclosure
  •  Homeowners insurance declaration


I understand this may seem like a lot! I'm here to explain all of this to you and work through it with you. With that, I can break this down into manageable steps and manage the entire process for you :)

Barmann Homes was lucky to help a few sellers close in the last month. Very happy for them! For fun, I put together a quiz to see if you can guess what the final sales price ended up being on these:

329849 S Woodland Rd in Pepper Pike just sold. It was listed at $425,000.


Can you guess the final sales price?

(Click to see the answer)

8765 Eastbrook Cir in Chagrin Falls just sold. It was listed at

$249,000.


Can you guess the final sales price?

(Click to see the answer)

Pat Barmann

pat@barmannhomes.com

KWOhio.com

216.990.5719