Summit County Real Estate Market Trends for April 2014
Land Title Guarantee Company recently released its monthly Summit County real estate market analysis for April 2014. On a seasonal basis, April is generally one of the less busy months for real estate transactions, as visitors & locals continue to focus on the winter snow season and then as mud season begins with lower tourist visitation. The local real estate market in Summit County tends to see its highest level of activity during the summer and early fall.
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 April 2014 to the month of April in recent years, the totals were as follows:
- April 2009 – $37,792,900 generated from 68 transactions
- April 2010 – $40,792,200 generated from 91 transactions
- April 2011 – $66,323,300 generated from 106 transactions
- April 2012 – $52,777,200 generated from 113 transactions
- April 2013 – $64,326,500 generated from 134 transactions
- April 2014 – $59,517,300 generated from 117 transactions
Looking at these statistics, the local real estate market in April 2014 trended slightly downward in comparison to April 2013. The number of real estate transactions in Summit County in April 2014 decreased 13% from April 2013. The total dollar volume of sales in April 2014 decreased 7% from April 2013. Looking at the first four months of the year so far, total monetary volume is still 4% ahead of where it was for the same period last year.
To briefly recap results reported over prior months in 2014:
- In March 2014, the number of real estate transactions in Summit County increased 1% in comparison to March 2013, and the total dollar volume of sales in March 2014 increased a huge 30% from March 2013.
- In February 2014, the number of real estate transactions in Summit County decreased 10% in comparison to February 2013, and the total dollar volume of sales in February 2014 decreased 1% from February 2013.
- In January 2014, the number of real estate transactions in Summit County decreased 6% in comparison to January 2013, and the total dollar volume of sales in January 2014 decreased 2% from January 2013.
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.
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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.