Your Source for Summit County Real Estate
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 […]
Despite low inventory levels, it’s been a great first quarter for residential real estate sales. Sales are up over 2016 and the highest we’ve seen in a decade. Inventory is starting to build so hopefully we can sustain an even better second quarter. Residential sales in January were great; up 29.9% over 2016 and the […]
When 2016 ended the year with slightly fewer sales than 2015 it gave us some pause. We began to wonder if this was an indicator. Has the steady increase in our residential real estate market begun to stutter? Unfortunately, there was no one to give us an answer. All we could do was wait and […]
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