In this February 2026 Cleveland housing market update, I’m walking you through what the data is actually saying—because the market isn’t “crashing” and it’s not “exploding” either. I break down the key metrics that matter (inventory, months of supply, pricing trends, and value projections) and, more importantly, how to read them without getting misled by headlines or one-off stats. I’m pulling from real MLS and Manus-style data to show what’s happening across Northeast Ohio, not just one zip code. I also cover mortgage rates in Ohio and what really impacts your rate beyond whatever number you see online. Then we get hyper-local: Cuyahoga, Medina, Lorain, and Summit County all behave differently right now. I talk through where buyers have the most leverage (and where they don’t), what overpricing looks like in 2026, and the reality of appraisal gaps when a home is pushed past what the market will support. I finish with specific strategy: for buyers, it’s more about smart terms than speed; for sellers, pricing and the launch plan matter more than ever—and I share what I’m watching next as we move into the spring market.