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 we’ll make up that 8% deficit in the coming months.
In 2017, the first six months only made up 41% of the year’s real estate sales. The highest numbers of closings in any given year generally take place in September or October. A typical sale takes about 45 days from going under contract to closing which means we are just beginning to get into our busy time for buyers.
If you are considering selling your Summit County home, you should be putting it on the market soon. The next two months are our most active of the selling season. Get some tips on how to make your home show its best.
If you are considering buying in Summit County, you need to be ready to act quickly, 66% of homes are going under contract in the first 30 days they are on the market. If you are one of the 74.5% of buyers getting a loan, make sure you have spoken to a good local lender and are pre-qualified. When you are ready to submit an offer, we can have the lender write a pre-qualification letter to present with your offer. That will reassure the seller that you are a quality buyer that is serious about buying.
2018 is half over but odds are we haven’t seen 50% of our real estate sales yet. Stay tuned for the second half of the year. Let’s see if the residential real estate sales deficit can be overcome.