Standard and Poor’s Case-Shiller Home Price Index shows Cleveland’s single family home prices climbed 3 percent in September compared to the same time last year. That means average prices are about the same as they were 11 years ago. Nationwide, home prices are up 3.6 percent according to the report. The Chairman-elect of the Cleveland Area Board of Realtors, Joann Zettl, says the Cleveland numbers indicate the market has stabilized. But she says home prices still vary widely from neighborhood to neighborhood, and not all sellers are getting the same results.

“It’s still tough, and varies depending on individual situations like when someone purchased their home, did they refinance it? If they pulled the equity out and now need to sell it when values have declined they’re potentially in a situation where they have to bring money to the table. So, everyone’s particular situation determines how they view the market.”