Summit County Market Analysis for July 2012

Land Title Guarantee Company just released its monthly Summit County real estate market analysis. The numbers for July 2012 were very solid.

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 July 2012 to the month of July in recent years, the totals were as follows:

  • July 2009 – $47,401,000 generated from 95 transactions
  • July 2010 – $38,565,100 generated from 75 transactions
  • July 2011 – $35,555,500 generated from 98 transactions
  • July 2012 – $63,074,725 generated from 126 transactions

These numbers show that the number of real estate transactions in Summit County in July 2012 increased 29% over July 2011. More significantly, the total dollar volume of sales in July 2012 increased a whopping 77% over July 2011.

To briefly recap results reported earlier in the summer, the number of Summit County real estate 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 increases in both dollar volume and number of transactions over May 2011.

Finally, looking at the year to date, there have been 589 residential transactions in 2012 and $304,658,925 in gross volume. During the comparable period of time in 2011 from January to July, there were only 552 transactions and $292,699,800 in gross volume. So, the Summit County real estate market is definitely trending up 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 Added Within Last 2 Weeks

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 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.

Philip D Mervis

1 Comment

  1. […] were both higher in August 2012 than in August 2011. Likewise, for Summit County real estate in July 2012, the number of real estate transactions and the total dollar volume of sales were both […]