The opening week of November is the market's most honest stretch of the year: rates easing to 7.18%, Ohio's September median up 5.7% to $274,900, prices still climbing even as buyers pull back. Here is the November 2026 update for buyers, sellers, and relocating families.
What changed this week.
As of November 10, no new Freddie Mac survey has published since the week ending November 5, so 7.18% remains the current 30-year rate, down from 7.24% the prior week and the lowest reading in more than a month; the next survey lands November 12. Ohio REALTORS' September report holds the state anchor: 11,311 sales, down 4.4%, median up 5.7% to $274,900, at 3.74 months of supply. The Akron Cleveland Realtors' tri-county September release adds the freshest MLS-level read: a $232,250 median, up 7.6% year over year.
Mortgage Rates: Easing to 7.18%
The newest published Freddie Mac reading is 7.18% for the week ending November 5, down from 7.24% the prior week and the lowest in more than a month; the 15-year sits near 6.60%. A year ago the 30-year averaged 6.17%, so run every payment at today's number; if the payment works at today's rate, waiting costs you selection, and in the tightest pockets, the home itself.
Ohio: Prices Up, Sales Easing
Ohio REALTORS' official September report anchors the state picture: 11,311 homes sold, down 4.4% year over year, with the median up 5.7% to $274,900 and 3.74 months of supply at month's end, still short of the six months that signals a balanced market. Redfin's September median of $269,226, up 5.6%, reads the same way. Prices rising, sales easing, inventory rebuilding: a normalizing market, not a falling one.
The Freshest MLS-Level Read: The Tri-County Report
The most recent MLS-level release comes from the Akron Cleveland Realtors' tri-county report for September: median sale price $232,250, up 7.6% year over year, a year-to-date median of $244,950, and the average sale price up 8.9% to $279,331. Homes sold in a median 37 days, 2.7% faster than a year ago, on about 2.2 months of supply. The notable shift is on the demand side: pending sales fell 22.4% and closed sales 10.5% year over year as rate-conscious buyers step back. More selection, less urgency, prices still rising.
Median Home Prices by County
Here is where median sale prices stand across the counties I track, based on the most recent verified data:
Cuyahoga County keeps appreciating fastest, up 8.6% year over year, with homes going pending in about 28 days. Summit County stays the tightest market at roughly 19 days on market and about 1.6 months of supply. Medina County holds between $307,000 and $330,000 at about 22 days on market. Homes.com's September read for the Cleveland metro puts the median at $269,250, up 7.7%, on 6,522 homes in inventory with a 97% sale-to-list ratio.
What This Means For You
If You Are Buying
This is the deepest November selection in years, and the demand pullback gives you room last year's buyers never had. Get pre-approved at today's rate, run real payment math, and make a fair, clean offer: 97% of Cleveland metro sales close at or near asking price.
If You Are Selling
Buyers are rate-conscious and picky, so pricing and presentation carry the load. The median is still up 5.7% to 7.6% depending on the measure, and well-priced, well-presented homes keep selling in weeks. List before the holiday lull or wait until January.
If You Are Relocating
A $274,900 statewide median and a $232,250 tri-county median buy far more home than most metros, at the deepest late-year selection in years. If your move date lands in January, a home under contract by Thanksgiving can still close on time.
The Bottom Line
Rates easing to 7.18%, prices up 5.7% to 7.7% by the latest measures, and a buyer pool that has stepped back without pushing prices down: the window is open, but the holidays are coming. Use real data, not headlines.
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