Summit County Real Estate Market Trends for January 2014

Land Title Guarantee Company recently released its monthly Summit County real estate market analysis for January 2014. On a seasonal basis, January is generally a slow month for real estate transactions, as visitors & locals focus on the winter snow season. 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 January 2014 to the month of January in recent years, the totals were as follows:

  • January 2009 – $32,813,600 generated from 54 transactions
  • January 2010 – $30,051,500 generated from 54 transactions
  • January 2011 – $43,547,400 generated from 87 transactions
  • January 2012 – $40,184,300 generated from 96 transactions
  • January 2013 – $53,409,200 generated from 108 transactions
  • January 2014 – $52,155,100 generated from 102 transactions

Looking at these statistics, the local real estate market in January 2014 remained mainly flat in comparison to January 2013. The number of real estate transactions in Summit County in January 2014 decreased 6% from January 2013. 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.

New Keystone Real Estate Listings – Last 30 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 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.