Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for february 2021. On a seasonal basis, February falls in the midst of the slower season of the year 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 February 2021 to the month of February in recent years, the totals were as follows:

• February 2011 – $38,516,800 generated from 90 transactions
• February 2012 – $43,683,600 generated from 81 transactions
• February 2013 – $45,837,653 generated from 116 transactions
• February 2014 – $44,671,060 generated from 91 transactions
• February 2015 – $50,326,500 generated from 106 transactions
• February 2016 – $66,997,100 generated from 126 transactions
• February 2017 – $71,152,600 generated from 116 transactions
• February 2018 – $89,403,682 generated from 139 transactions
• February 2019 – $104,726,584 generated from 138 transactions
• February 2020 – $108,221,070 generated from 134 transactions
• February 2021 – $132,914,988 generated from 151 transactions

In February 2021, the local real estate market continued mounting a fantastic turn-around from setbacks caused by the Covid-19 pandemic lockdown in the spring of 2020. The total dollar volume of sales in February 2021 increased 23% from February 2020. And, the number of real estate transactions in Summit County in February 2021 increased 20% from February 2020.

To recap Summit County real estate market trends from recent months:

• In January 2021, the number of real estate transactions in Summit County increased 19% from January 2020, and the total dollar volume of sales in January 2021 surged 32% from January 2020.
• In December 2020, the number of real estate transactions in Summit County increased 23% from December 2019, and the total dollar volume of sales in December 2020 increased 30% from December 2019.
• In November 2020, the number of real estate transactions in Summit County increased 71% from November 2019, and the total dollar volume of sales in November 2020 increased 111% from November 2019.
• In October 2020, the number of real estate transactions in Summit County leaped 355% from October 2019, and the total dollar volume of sales in October 2020 surged 81% from October 2019.
• In September 2020, the number of real estate transactions in Summit County increased 41% from September 2019, and the total dollar volume of sales in September 2020 increased 23% from September 2019.
• In August 2020, the number of real estate transactions in Summit County increased 41% from August 2019, and the total dollar volume of sales in August 2020 increased 23% from July 2019.

If you’re interested in buying a Summit County home, there are lots 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.