Up-to-Date Market Reports for Summit County

Real estate metrics measure a Buyer’s market at more than 6 months of inventory. In June, Summit County residential months of inventory was at 8 months. It’s safe to say that we are in a Buyer’s market. Months of supply at 8. Highest MOS we have seen going back as far...

As we ramp up toward our busy season in Summit County, we appear to be entering into a buyer's market where buyers have more ability to negotiate because we have more supply than demand. This chart shows the supply (new listings) in blue and the demand (pending...

The Summit County real estate market has experienced notable shifts over the past three years, transitioning from a pandemic-driven boom to a more balanced landscape. Here's an in-depth analysis comparing the market trends from 2022 through early 2025.  Market...

For this month’s market report, I decided to use a different statistical module than I normally use. This system is called Greenlights and it provides market data in a more visual way than the other system I normally use. The down side is that these are screenshots,...

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 February....

While average pricing didn’t show any softening in the market, those stats are pulled up by higher priced luxury properties which sold at a good pace in 2024. In 2024, 126 properties over $3m sold. In 2023, only half that number sold at 67.

130 Residential Sales in November:Last month was 144. 99 Pending properties in NovemberLast 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...