Land Title Guarantee Company just released its monthly Summit County real estate market analysis for September 2012. As it turns out, the local real estate market continues to improve, and September topped August as 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 September 2012 to the month of September in recent years, the totals were as follows:

• September 2009 – $79,799,400 generated from 147 transactions
• September 2010 – $78,228,400 generated from 149 transactions
• September 2011 – $81,015,200 generated from 162 transactions
• September 2012 – $88,134,600 generated from 158 transactions

While the number of real estate transactions in Summit County in September 2012 decreased in total number by 4 from September 2011, the total dollar volume of sales in September 2012 increased a whopping 10% over September 2011.

To briefly recap results reported over the summer, the number of Summit County real estate transactions and the total dollar volume of sales 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 significantly higher over 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 September 30, there have been 1055 residential transactions in 2012 and $514,123,600 in gross volume. During the comparable period of time in 2011 from January through September, there were only 1005 transactions and $496,263,700 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/ Price Drop in Last 10 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.