Summit County Real Estate Market Trends for January 2018

Image - Summit County Real Estate Market Trends for January 2018Land Title Guarantee Company recently recently released its monthly Summit County Real Estate Market Trends for January 2018. On a seasonal basis, January falls within the quiet 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 January 2018 to the month of January in recent years, the totals were as follows:

  • January 2011 – $44,042,400 generated from 90 transactions
  • January 2012 – $42,663,800 generated from 102 transactions
  • January 2013 – $62,235,670 generated from 116 transactions
  • January 2014 – $53,073,051 generated from 107 transactions
  • January 2015 – $66,536,300 generated from 127 transactions
  • January 2016 – $63,231,650 generated from 124 transactions
  • January 2017 – $91,901,074 generated from 138 transactions
  • January 2018 – $87,565,946 generated from 146 transactions

Looking at these statistics, the local real estate market in January 2018 remained relatively flat from January 2017. The total dollar volume of sales in January 2018 decreased 5% from January 2017. However, the number of real estate transactions in Summit County in January 2018 increased 6% from January 2017. Looking at the time frames between 2011 and 2018, January has had mixed results from year to year. While January 2018 numbers were slightly mixed, it was nonetheless a strong month when placed in the historical context of other recent years.

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

  • In December 2017, the number of real estate transactions in Summit County increased 13% from December 2016, and the total dollar volume of sales in December 2017 surged 25% from December 2016.
  • In November 2017, the number of real estate transactions in Summit County decreased 14% from November 2016, and the total dollar volume of sales in November 2017 decreased 18% from November 2016.
  • In October 2017, the number of real estate transactions in Summit County increased 22% from October 2016, and the total dollar volume of sales in October 2017 surged ahead 43% from October 2016.
  • In September 2017, the number of real estate transactions in Summit County decreased 16% from September 2016, and the total dollar volume of sales in September 2017 decreased 8% from September 2016.
  • In August 2017, the number of real estate transactions in Summit County decreased 4% from August 2016, and the total dollar volume of sales in August 2017 increased 22% from August 2016.
  • In July 2017, the number of real estate transactions in Summit County increased 41% from July 2016, and the total dollar volume of sales in July 2017 increased 18% from July 2016.

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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Property listing data provided by Summit County multiple listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. The sale offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice.
Listing Data last updated: 06/21/2024 10:47 PM
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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.