Land Title Guarantee Company recently released its monthly Summit County real estate market analysis for July 2014. On a seasonal basis, July is smack in the middle of the big summer buying and selling 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 July 2014 to the month of July in recent years, the totals were as follows:

• July 2009 – $47,401,000 generated from 95 transactions
• July 2010 – $38,565,100 generated from 75 transactions
• July 2011 – $35,555,500 generated from 98 transactions
• July 2012 – $63,074,725 generated from 126 transactions
• July 2013 – $68,971,900 generated from 155 transactions
• July 2014 – $90,735,125 generated from 195 transactions

Looking at these statistics, the local real estate market in July 2014 trended significantly upward in comparison to July 2013. The number of real estate transactions in Summit County in July 2014 increased a whopping 26% from July 2013. The total dollar volume of sales in July 2014 increased a stellar 32% from July 2013.

To briefly recap results reported over prior months in 2014:

• In June 2014, the number of real estate transactions in Summit County increased 6% from June 2013, and the total dollar volume of sales in June 2014 increased 1% from June 2013.
• In May 2014, the number of real estate transactions in Summit County increased 10% from May 2013, and the total dollar volume of sales in May 2014 increased 13% from May 2013.
• In April 2014, the number of real estate transactions in Summit County decreased 13% in comparison to April 2013, and the total dollar volume of sales in April 2014 decreased 7% from April 2013.
• In March 2014, the number of real estate transactions in Summit County increased 1% in comparison to March 2013, and the total dollar volume of sales in March 2014 increased a huge 30% from March 2013.
• In February 2014, the number of real estate transactions in Summit County decreased 10% in comparison to February 2013, and the total dollar volume of sales in February 2014 decreased 1% from February 2013.
• In January 2014, the number of real estate transactions in Summit County decreased 6% in comparison to January 2013, and 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.

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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.