Nothing earth shattering to report this month. Average Sales price remains steady and slightly upward looking at trailing 12 month numbers. Active listings are up to 468 in Summit. This is 100 more than last February. Only 83 properties went under contract in...
Every six months we pull all Summit County residential real estate data and present it in this macro-economic format. This presentation includes market stats for the entire county and then breaks down stats into each submarket. This is a great resource for people who...
If you have been reading my newsletter, you know that I have been saying that the overall Summit County average real estate price has been steady without signs of significant depreciation. But, I also have been discussing how we are seeing price softening in some...
Here is the Land Title Report from November 2024. The full year report will be provided in next month’s newsletter. November real estate was up 55% with monetary volume and was up 41% with transactions from November 2023! Market Analysis by Area for November 2024:...
2024 was marked by higher inventory than we have seen in the last four years. Higher inventory combined with interest rates in the 6 and 7% range, made for a slower market in terms of sales, but not much worse than 2023. Median and Average pricing are holding steady:...
130 Residential Sales in November: Last month was 144. 99 Pending properties in November Last month 135 properties went under contract. There will be less closings given this decline in pending sales. November showings per listing is 1.8 down from 2.8 in October. This...
