Your Source for Summit County Real Estate
The week leading up to a holiday weekend is a great time for new listings to come on the market. The week before Memorial Day weekend this year is holding true to that. Real estate inventory is building, probably more quickly than normal, as we kick off listing season in Summit County. Summer is selling […]
With some properties seeing multiple offers and selling above list price, others struggling to sell at lower prices, it appears that the Summit County real estate market is quite confused. Stats say that average sales price is climbing even though we are definitely seeing declines in parts of the market. Just looking at the Summit […]
The first quarter of 2024 is over. It looks like the craziness of the pandemic market is behind us now. Summit County went from around 1,800 pre-pandemic, real estate sales a year to just over 2,100 during the pandemic. Then dropping to 1,300 sales a year practically overnight in 2022 and 2023 when interest rates […]
March marks the end of the 3rd year since the country was locked down due to the Coronavirus pandemic. A lot has happened in those three years. Initially real estate activity came to an abrupt halt, along with most everything else. Real estate became an essential service and we were allowed to show property again. […]
February residential sales in Summit County were a bright spot in what we expected to be a dismal real estate market. With high interest rates constricting demand, we have had pretty low expectations for 2023 real estate sales. February is giving us hope that the housing market is not still in constriction. Maybe the Summit […]
The 2022 real estate market ended the year at a snail’s pace. It slowly trudged through the last months of the year with sales that were similar to our slowest time of year; the beginning. So what does that mean for the start of 2023? Are sales even slower than a snail. What would that […]
Beginning skiers know pizza and french fries very well. Pizza is the wedge shape you make your skis when you want to go slow. French fries make your skis parallel to go faster. Summit County home sales slowed like a pizza wedge on the slopes in October, and really, for nearly the entire 2022 year. […]
Summit County homes are taking longer to sell. The average time on the market is just 36 days, however, that is feeling like an eternity. When we have been used to buyers lining up for homes, to watch them just sit there is excruciating. This extra time on the market is not creating a lot […]
August adds a few more sales to the 2022 residential real estate sales. However, it’s not enough to change the path of slow real estate sales in Breck and other Summit County towns. Higher interest rates, concern about the economy and low inventory levels are keeping buyer demand low. We are seeing pressure on pricing […]
Summit County home sales fell fast in July. While June had moderately disappointing sales numbers, the bottom fell out in July. The number of Summit County home sales in July were more typical for January and February, some of our slowest months. As a result of fewer sales, homes are on the market longer now. […]
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