Summit County Real Estate Market Trends for June 2018
Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for June 2018. On a seasonal basis, June falls at the beginning of the busiest 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 2018 to the month of June in recent years, the totals were as follows:
- 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
- June 2017 – $136,189,679 generated from 234 transactions
- June 2018 – $172,302,600 generated from 249 transactions
Looking at these statistics, the local real estate market in June 2018 saw a bit of a jump from June 2017. The total dollar volume of sales in June 2018 surged 27% from June 2017. And, the number of real estate transactions in Summit County in June 2018 increased 6% from June 2017. So far this year, the Summit County market is 9% ahead of monetary volume and 2% ahead in transactions when compared to the first six months of 2017.
To recap Summit County real estate market trends from recent months:
- In May 2018, the number of real estate transactions in Summit County slightly decreased 1% from May 2017, and the total dollar volume of sales in May 2018 increased 8% from May 2017.
- In April 2018, the number of real estate transactions in Summit County increased 10% from April 2017, and the total dollar volume of sales in April 2018 surged 30% from April 2017.
- In March 2018, the number of real estate transactions in Summit County decreased 21% from March 2017, and the total dollar volume of sales in March 2018 likewise trended downward 30% from March 2017.
- In February 2018, the number of real estate transactions in Summit County surged 20% from February 2017, and the total dollar volume of sales in February 2018 likewise swelled 26% from February 2017.
- In January 2018, the number of real estate transactions in Summit County increased 6% from January 2017, and the total dollar volume of sales in January 2018 decreased 5% from January 2017.
- 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.
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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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.
