Summit County Real Estate Market Trends for July 2016
Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for July 2016. On a seasonal basis, July falls right in the heart of the busiest season for local real estate. The Summit County real estate market generally 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 July 2016 to the month of July in recent years, the totals were as follows:
- July 2010 – $38,565,100 generated from 75 transactions
- July 2011 – $35,555,500 generated from 98 transactions
- July 2012 – $65,197,855 generated from 131 transactions
- July 2013 – $80,849,879 generated from 163 transactions
- July 2014 – $95,597,625 generated from 201 transactions
- July 2015 – $117,921,469 generated from 202 transactions
- July 2016 – $104,621,918 generated from 215 transactions
Looking at these statistics, the local real estate market in July 2016 exhibited mixed results in comparison with July 2015. The total dollar volume of sales in July 2016 decreased 11% from July 2015. However, the number of real estate transactions in Summit County in July 2016 increased 6% from July 2015.
To recap Summit County real estate market trends from recent months:
- In June 2016, the number of real estate transactions in Summit County decreased 16% from June 2015, and the total dollar volume of sales in June 2016 decreased by 13% from June 2015.
- In May 2016, the number of real estate transactions in Summit County decreased 4% from May 2015, and the total dollar volume of sales in May 2016 decreased by 1% from May 2015.
- In April 2016, the number of real estate transactions in Summit County increased 1% from April 2015, and the total dollar volume of sales in April 2016 decreased by 4% from April 2015.
- In March 2016, the number of real estate transactions in Summit County decreased 9% from March 2015, and the total dollar volume of sales in March 2016 increased by 4% from March 2015.
- In February 2016, the number of real estate transactions in Summit County jumped ahead by 19% from February 2015, and the total dollar volume of sales in February 2016 likewise increased by a whopping 33% from February 2015.
- In January 2016, the number of real estate transactions in Summit County decreased 2% from January 2015, and the total dollar volume of sales in January 2015 likewise decreased 5% from January 2015.
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.
