October 2013 Summit County Real Estate Update
Right now the under contracts are ahead of last year. In fact, the county is about 11 percent ahead of next week’s total under contracts, too. Also, Summit County residential sales through September 29th are up 22 percent.
Currently, the county’s enjoying a 17 percent improvement in the amount of properties going under contract. However, there has been a decline in the number of Summit County homes under contract recently. Over the last 4 weeks, the county was down by 35 properties.
But this 17 percent increase will reduce those 35 homes to 28 instead. Every little bit helps.
While the under contracts are a bump in the road, the Summit County market is heading towards an overall positive gain in 2013.
It should be pointed out, though, that the average sold price today is down 6.4 percent. That translates to -5.5 percent in the north and -7 in the south.
Still, there’s a lot to be happy about when it comes to the Summit County market. The landscape is improving little by little and that’s reason to celebrate!
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 going on as you prepare to make any kind of move.
But don’t 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.
Remember that you don’t have to navigate the ins and outs on your own. 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.
For ideas on buying or selling a home, you can always look through my Kelli Sells Blog, too. I make sure to keep it updated so that you’ll have the latest information on trends in Summit County real estate.
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!