Summit County Real Estate Market Trends for December 2015

Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for December 2015. On a seasonal basis, December falls squarely in the middle of the seasonally slow winter season for local real estate. The Summit County real estate market has 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 2015 to the month of December in recent years, the totals were as follows:

  • December 2010 – $70,755,100 generated from 154 transactions
  • December 2011 – $66,168,700 generated from 147 transactions
  • December 2012 – $88,152,000 generated from 188 transactions
  • December 2013 – $75,615,706 generated from 138 transactions
  • December 2014 – $90,305,800 generated from 186 transactions
  • December 2015 – $141,435,873 generated from 276 transactions

Looking at these statistics, the local real estate market in December 2015 surged wildly ahead in comparison to December 2014. The total dollar volume of sales in December 2015 increased a whopping 57% from December 2014. Meanwhile, the number of real estate transactions in Summit County in December 2015 likewise trended upward 48% from December 2014. Building on a good year for real estate in Summit County, December brought 2015 to a very successful close.

To recap Summit County real estate market trends previously in 2015:

  • In November 2015, the number of real estate transactions in Summit County decreased 5% from November 2014, and the total dollar volume of sales in November 2015 increased 5% from November 2014.
  • In October 2015, the number of real estate transactions in Summit County increased 7% from October 2014, and the total dollar volume of sales in October 2015 surged ahead 21% from October 2014.
  • In September 2015, the number of real estate transactions in Summit County sharply increased 25% from September 2014, and the total dollar volume of sales in September 2015 surged ahead 49% from September 2014.
  • In August 2015, the number of real estate transactions in Summit County sharply increased 25% from August 2014, and the total dollar volume of sales in August 2015 surged ahead 49% from August 2014.
  • In July 2015, the number of real estate transactions in Summit County remained flat in comparison to July 2014, and the total dollar volume of sales in July 2015 increased 23% from July 2014.
  • In June 2015, the number of real estate transactions in Summit County increased 86% from June 2014, and the total dollar volume of sales in June 2015 increased 69% from June 2014.
  • In May 2015, the number of real estate transactions in Summit County increased 18% from May 2014, and the total dollar volume of sales in May 2015 increased 27% from May 2014.
  • In April 2015, the number of real estate transactions in Summit County increased 31% from April 2014, and the total dollar volume of sales in April 2015 increased 55% from April 2014.
  • In March 2015, the number of real estate transactions in Summit County increased 25% from March 2014, and the total dollar volume of sales in March 2015 increased 37% from February 2014.
  • In February 2015, the number of real estate transactions in Summit County increased 28% from February 2014, and the total dollar volume of sales in February 2015 increased 25% from February 2014.
  • In January 2015, the number of real estate transactions in Summit County increased 25% from January 2014, and the total dollar volume of sales in January 2015 increased 28% from January 2014.

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.