Land Title Guarantee Company just released its monthly Summit County real estate market analysis for August 2012. As it turns out, August was the best month so far in 2012.

As part of its analysis, LTGC provided the monthly percentage change in total dollar volume & total number of real estate transactions across Summit County. Comparing August 2012 to the month of August in recent years, the totals were as follows:

• August 2009 – $60,975,000 generated from 114 transactions
• August 2010 – $79,753,200 generated from 117 transactions
• August 2011 – $65,898,700 generated from 150 transactions
• August 2012 – $68,804,575 generated from 159 transactions

These numbers show that the number of real estate transactions in Summit County in August 2012 increased 6% over August 2011. The total dollar volume of sales in August 2012 increased about 4% over August 2011.

To briefly recap results reported earlier in the summer, the number of Summit County real estate transactions and the total dollar volume of sales were both significantly higher in July 2012 than in July 2011. The number of transactions in June 2012 increased slightly over June 2011, but the total dollar volume of sales decreased in June 2012 in comparison to June 2011. For Summit County real estate in May 2012, the market analysis included significant increases in both dollar volume and number of transactions over May 2011.

Looking at the year to date through August 31, there have been 897 residential transactions in 2012 and $425,989,000 in gross volume. During the comparable period of time in 2011 from January to August, there were only 843 transactions and $416,464,300 in gross volume. So, the Summit County real estate market is still trending moderately upward this year.

If you’re interested in buying a Summit County home, there are of course plenty of great opportunities available. Please don’t hesitate to contact Philip for help.

Summit County Listings w/ Mtn Views & Price Drop in Last 14 Days

The market analysis information and representations regarding market analysis above are based in whole or in part on information provided by Land Title Guarantee Company. Although the information above is believed to be true and correct, the information cannot be guaranteed. Therefore, neither SummitRealtor.com nor Land Title Guarantee Company can in any way be held responsible for its accuracy. The data above does not reflect all real estate activity in the market.