It’s starting to feel like Autumn around Summit County. There’s a nip in the air, the big ski sales are underway, the leaves are changing and the tourist activity is winding down. Most people would believe real estate activity is winding down too but that is not the case.
Real estate sales have been hot all summer long. This summer had 14% more sales than last summer. But the fall months are our best months for real estate sales. September and October typically have the highest number of sales for the year. This year will continue suit.
Historically, a similar number of properties go under contract in September as in August. 184 properties went under contract this August and 222 last August. I’d say it’s a safe bet that we’ll see around 200 properties go under contract this September.
There are around 900 properties on the market right now. If 200 go under contract in September, that’s about 20% of the current inventory. That’s not bad odds if you’re a seller.