Summit County Real Estate Market Trends for December 2013
Land Title Guarantee Company recently released its monthly Summit County real estate market analysis for December 2013. On a seasonal basis, December is generally a month where real estate transactions begin to wind down as the holidays and the snow season approach. 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 December 2013 to the month of December in recent years, the totals were as follows:
- December 2008 – $61,054,700 generated from 98 transactions
- December 2009 – $102,685,700 generated from 178 transactions
- December 2010 – $70,755,100 generated from 154 transactions
- December 2011 – $61,627,700 generated from 140 transactions
- December 2012 – $87,217,800 generated from 185 transactions
- December 2013 – $69,685,806 generated from 132 transactions
Looking at these statistics, the local real estate market in December 2013 showed a slight decline in comparison to December 2012. The number of real estate transactions in Summit County in December 2013 decreased 29% from December 2012. The total dollar volume of sales in December 2013 decreased 20% from December 2012.
Overall though, looking at the entirety of the year, 2013 was a terrific year for real estate in Summit County. For the whole of 2013, Summit County property sales were ahead by 15% in monetary volume ($888,858,406) and ahead 17% for total transactions (1908) – in comparison to the same period in 2012.
To briefly recap results reported over prior months:
- In Novmeber 2013, the number of real estate transactions in Summit County posted a sizable increase of 10% over November 2012, and the total dollar volume of sales in November 2013 increased a substantial 20% over November 2012.
- In October 2013, the number of real estate transactions in Summit County posted a modest increase of 5% over October 2012, and the total dollar volume of sales in October 2013 increased a respectable 6% over October 2012.
- In September 2013, the number of real estate transactions in Summit County posted a whopping increase of 54% over September 2012, and the total dollar volume of sales in September 2013 increased a significant 21% over September 2012.
- In August 2013, the number of real estate transactions in Summit County posted a huge increase of 36% over August 2012, and the total dollar volume of sales in August 2013 increased an amazing 53% over August 2012.
- In July 2013, the number of real estate transactions in Summit County increased 23% over July 2012, and the total dollar volume of sales in July 2013 likewise increased 9% over July 2012.
- In June 2013, the number of real estate transactions in Summit County spiked 28% over June 2012, and the total dollar volume of sales in June 2013 likewise surged 17% over June 2012.
- In May 2013, the number of real estate transactions and total dollar volume of sales in Summit County both increased by 18% over May 2012.
- In April 2013, the number of real estate transactions in Summit County increased by 19% over April 2012, and the total dollar volume of sales in April 2013 surged 22% over April 2012.
- In March 2013, the number of real estate transactions in Summit County in March 2013 increased by an enormous 46% over March 2012. And, the total dollar volume of sales in March 2013 increased 25% over March 2012.
- Turning to February 2013, the number of real estate transactions in Summit County in February 2013 increased by 16% over February 2012. However, the total dollar volume of sales in February 2013 decreased slightly by 6% over February 2012.
- Finally, in January 2013, the total dollar volume of sales in January 2013 surged 33% over January 2012. Meanwhile, the number of real estate transactions in Summit County in January 2013 increased by 13% over January 2012.
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.
