Fast Market Facts – Summit County Residential Real Estate

29.7% more residential properties priced at $1,000,000 or above have sold in the first four months of 2015 than in the same period in 2014. -48 vs 37-

· Sales of residential properties priced at $1,000,000 or above haven’t been at this level this early in the year since 2008.  -2008 had 50 sales-

· Residential properties priced below $300,000 have seen a 7.5% increase over sales through April 2014.  -114 vs 106-

· Inventory levels are down 23.4% from this time last year.  -738 vs 963-

· 48% of Summit County residential sales so far this year have been condos and 28% single family homes.  In all of 2014 52% of sales were condos and 25% single family homes.

· Through April this year, 51% of residential properties in Summit County sold in 90 days or less.  60% of those sold in the first 30 days.