Summit County Real Estate Market Trends for March 2015
Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for March 2015. On a seasonal basis, March is one of the slower months for local real estate activity, since it’s in the midst of the winter ski season. 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 March 2015 to the month of March in recent years, the totals were as follows:
- March 2010 – $37,425,700 generated from 86 transactions
- March 2011 – $44,858,700 generated from 102 transactions
- March 2012 – $37,384,000 generated from 81 transactions
- March 2013 – $46,679,000 generated from 118 transactions
- March 2014 – $60,774,200 generated from 119 transactions
- March 2015 – $83,058,500 generated from 149 transactions
Looking at these statistics, the local real estate market in March 2015 increased substantially in comparison to March 2014. The total dollar volume of sales in March 2015 dramatically increased 37% from March 2014. The number of real estate transactions in Summit County in March 2015 trended upward significantly as well – up 25% from March 2014. As a result, the Summit County real estate market is off to a fantastic start in 2015.
To recap Summit County real estate market trends in the last four months of 2014 and the first two months in 2015:
- 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.
- In November 2014, the number of real estate transactions in Summit County increased 19% from November 2013, and the total dollar volume of sales in November 2014 increased 16% from November 2013.
- In October 2014, the number of real estate transactions in Summit County increased 5% from October 2013, and the total dollar volume of sales in October 2014 increased 6% from October 2013.
- In September 2014, the number of real estate transactions in Summit County increased 11% from September 2013, and the total dollar volume of sales in September 2014 increased 19% from September 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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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.
