There is great news to report for Summit County real estate yet again! If you’re debating whether or not to sell your home right now, you’ll be happy to hear that overall sales are up 20.5 percent. It’s a 22 percent improvement on the North side of the county and an 18.6 increase on the South side.
A lot of resort real estate is now being bought and sold all over Summit County. In fact, Summit County could possibly create a new record that hasn’t been seen on this level since the early 2000s. That’s pretty amazing!
The only negative detail to share this month is that the average sold price for residential sales is down by 4 percent. This translates to -4 percent on the North side and -3 percent on the South side. But this can change in the future as Summit County’s real estate market continues to recover.
It’s also worthwhile to point out that the slightly lower sold prices are not slowing down the activity around here. New listings have recently gone up by 63 percent! Plus, new under contracts have risen 24 percent and up for sold properties by 45 percent!
The current market here in Summit County is definitely cause for celebration. I’m excited to see how the real estate landscape continues to make progress in the coming months.
Contact Me For More Information
If you’re ready to buy or sell a home in Summit County, it makes sense to examine every monthly real estate report. I think you should always know exactly what’s happening as you prepare to make any kind of move.
But be careful not to draw conclusions based on a single real estate analysis. The market can change very quickly. So knowing Summit County’s various rhythms will help you understand the big picture with much more depth.
However, you don’t have to navigate the ins and outs on your own either. Whatever guidance you need, I’m here to help with all of your questions and concerns.
Also, if you want to look at various properties in Summit County, check out the listings page on my website. Then we can go over the homes that interest you together.
Feel free to contact me at your convenience. You can send me an email at [email protected] or call my office lines. Please remember I’d love to assist you in any of your real estate needs. I look forward to hearing from you!