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October real estate numbers for residential properties in Summit County show a slight change in the market. Sales are down and inventory is up. If this continues, prices will level off. We had 228 sales in the month of October, which is the most sales in any one month all year. It is typical for […]
After three quarters of 2018 the number of residential properties sold is slightly behind last year at this time. The number of cash sales is slightly down also. However, all other categories are still going strong for the 2018 third quarter. Residential sales The number of residential sales dropped 6.6% however the dollar volume was […]
Residential Sales August 2018 Number of sales is down 12.6% vs August 2017 Dollar volume for sales is up 7.8% vs August 2017 Average sale price is up 23.3% vs August 2017 August 2018 average sale price was $862,340 There were 37.5% more sales over $1,000,000 in August 2018 vs August 2017 55 sales, or […]
The current, inventory starved, real estate market in Summit County that has pushed overall home prices higher is, as you would expect, making the price of entry level, second homes higher too. 100% ownership for $100,000 that was possible a few years back is non-existent these days. A more reasonable starting point would be $300,000. […]
Residential real estate sales have been rolling along at a pretty similar clip to 2017. Some months better than last year, some months not. July real estate sales happened to be one of the up months. There were 182 residential sales in Summit County in July. That’s up 11% over 2017 when there were 164 […]
Six months into 2018 and we have had 753 residential real estate sales in Summit County. That’s 8.1% below the first six months of last year when we had 819 residential sales. The first six months of the year typically sees fewer real estate sales than the second half of the year so it’s possible […]
May sales saw land and residential property closings lagging a little but pricing and days on the market are still strong. Inventory is beginning to build. This summer’s sales will help to paint a picture of what’s to come in 2019 for the Summit County real estate market. Residential Sales This May there were 147 […]
2017 was a good year for real estate. Both prices and demand were up and inventory down from 2016. The 2018 real estate market will continue to be more of the same. With the potential for higher interest rates that will put added strain on affordability, 2018 may see a slight slowing in demand and pricing. However, […]
Another year is behind us. That means it’s time to for the 2017 year in review. We look back and reflect on the previous year and then think about what the next year will look like. In the Summit County real estate market 2017 was an active year and my initial thoughts are 2018 will continue […]
We’re still telling the same real estate story we were last year. Inventory is low which is pushing prices higher, and inventory will continue to drop through the end of the year. Low Inventory As of November 18th we have just 355 residential properties on the market in Summit County. That’s 11% fewer properties than […]
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