Cleveland area homes spent a median of 33 days on the market before going under contract in December, data shows.
Why it matters: Earlier this year, U.S. houses were selling at the slowest pace since March 2020, Redfin reports.
But Cleveland's houses are getting gobbled up 16 days quicker than the national average.
The big picture: "Homes are taking a long time to sell largely because housing costs are so expensive — but for buyers who can afford it, there are a fair amount of homes to choose from," Redfin's Dana Anderson wrote in the report.
Reality check: Sales are still moving fast in relatively affordable parts of the country where competition is hot, Zillow senior economist Orphe Divounguy tells Axios.