Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for June 2020. On a seasonal basis, June falls at the beginning of the busiest season of the year 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 2020 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
• June 2019 – $125,183,437 generated from 179 transactions
• June 2020 – $107,532,390 generated from 121 transactions

In June 2020, the local real estate market continued to experience notable setbacks as a result of the effects of the Covid-19 pandemic lockdown in Colorado. The total dollar volume of sales in June 2020 decreased 14% from June 2019. And, the number of real estate transactions in Summit County in June 2020 decreased 32% from June 2019.

To recap Summit County real estate market trends from recent months:

• In May 2020, the number of real estate transactions in Summit County decreased 59% from May 2019, and the total dollar volume of sales in May 2020 decreased 58% from May 2019.
• In April 2020, the number of real estate transactions in Summit County decreased 45% from April 2019, and the total dollar volume of sales in April 2020 decreased 59% from April 2019.
• In March 2020, the number of real estate transactions in Summit County decreased 1% from March 2019, and the total dollar volume of sales in March 2020 decreased 2% from March 2019.
• In February 2020, the number of real estate transactions in Summit County decreased 5% from February 2019, and the total dollar volume of sales in February 2020 increased 3% from February 2019.
• In January 2020, the number of real estate transactions in Summit County decreased 3% from January 2019, and the total dollar volume of sales in January 2020 decreased 13% from January 2019.
• In December 2019, the number of real estate transactions in Summit County increased 29% from December 2018, and the total dollar volume of sales in December 2019 increased 27% from December 2018.

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.