The average price per square foot of all active single-family homes is $165.69. The average price sq/ft of all homes that have actually sold in 2010 is $114.46. The large disparity is probably the reason, amongst others, for the lack of sales so far this year.
Here is a market report we wrote for Moreland Hills earlier in the year http://activerain.com/blogsview/1637311/moreland-hills-oh-real-estate-market-report-spring-2010
Feel free to contact us at 216-403-9189 for more detailed infomation or check out our East side blog at www.clevelandhomeexperts.com