Summit County Real Estate Market Trends for June 2015

Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for June 2015. On a seasonal basis, June is the start of the busiest season for real estate buyers and sellers. 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 June 2015 to the month of June in recent years, the totals were as follows:

  • June 2010 – $83,871,000 generated from 138 transactions
  • June 2011 – $65,751,300 generated from 104 transactions
  • June 2012 – $56,820,400 generated from 124 transactions
  • June 2013 – 70,371,650 generated from 151 transactions
  • June 2014 – $69,830,150 generated from 155 transactions
  • June 2015 – $129,754,349 generated from 262 transactions

Looking at these statistics, the local real estate market in June 2015 trended massively upward in comparison to June 2014. The total dollar volume of sales in June 2015 increased a monumental 86% from June 2014. The number of real estate transactions in Summit County in June 2015 experienced a staggering upturn as well – up 69% from June 2014. As a result, at the midpoint of the year, the Summit County real estate market added on yet another fantastic month in 2015.

To recap Summit County real estate market trends in the last month of 2014 and the first five months in 2015:

  • In May 2015, the number of real estate transactions in Summit County increased 18% from May 2014, and the total dollar volume of sales in May 2015 increased 27% from May 2014.
  • In April 2015, the number of real estate transactions in Summit County increased 31% from April 2014, and the total dollar volume of sales in April 2015 increased 55% from April 2014.
  • In March 2015, the number of real estate transactions in Summit County increased 25% from March 2014, and the total dollar volume of sales in March 2015 increased 37% from February 2014.
  • In February 2015, the number of real estate transactions in Summit County increased 28% from February 2014, and the total dollar volume of sales in February 2015 increased 25% from February 2014.
  • In January 2015, the number of real estate transactions in Summit County increased 25% from January 2014, and the total dollar volume of sales in January 2015 increased 28% from January 2014.
  • In December 2014, the number of real estate transactions in Summit County increased a whopping 32% from December 2013, and the total dollar volume of sales in December 2014 markedly trended upward about 14% from December 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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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: 05/17/2024 06:47 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.