Summit County Real Estate Market Trends for June 2016
Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for June 2016. On a seasonal basis, June falls right at the end of the seasonally slow 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 June 2016 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
- June 2016 – $113,032,009 generated from 220 transactions
Looking at these statistics, the local real estate market in June 2016 showed a drop from June 2015. The total dollar volume of sales in June 2016 decreased 13% from June 2015. Meanwhile, the number of real estate transactions in Summit County in June 2016 also decreased 16% from June 2015.
To recap Summit County real estate market trends from recent months:
- 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.
- In December 2015, the number of real estate transactions in Summit County surged ahead 48% from December 2014, and the total dollar volume of sales in December 2015 increased a whopping 57% from December 2014.
- In November 2015, the number of real estate transactions in Summit County decreased 5% from November 2014, and the total dollar volume of sales in November 2015 increased 5% from November 2014.
- In October 2015, the number of real estate transactions in Summit County increased 7% from October 2014, and the total dollar volume of sales in October 2015 surged ahead 21% from October 2014.
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.
