Your Source for Summit County Real Estate
Interest rates are up, inventory is low, prices are up. This has everyone asking is now a good time to buy real estate? Why would anyone want to buy a home right now? Rents are up too. Staying in a rental is not a great option. Rents go up almost every lease period. If you […]
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 […]
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 […]
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. […]
The real estate market is in transition. I don’t think anyone would argue with that statement. So now that it is in transition, should buyers be moving forward with a home purchase? Is this a good time to buy a Summit County home? There are several factors to consider before answering this question. Home prices, […]
2022 is continuing to tell a different story than the last two years. As we see interest rates increase substantially, we are watching sales slowing and real estate inventory climbing. Our real estate market was pegged so far into a seller’s market, we have a ways to go before the buyer has the advantage. Although, […]
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