Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for March 2019. On a seasonal basis, March falls within the slower 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 March 2019 to the month of March in recent years, the totals were as follows:

• March 2011 – $45,046,200 generated from 103 transactions
• March 2012 – $38,893,960 generated from 86 transactions
• March 2013 – $55,149,780 generated from 128 transactions
• March 2014 – $67,244,100 generated from 125 transactions
• March 2015 – $83,058,500 generated from 149 transactions
• March 2016 – $86,347,800 generated from 136 transactions
• March 2017 – $123,142,000 generated from 178 transactions
• March 2018 – $86,558,600 generated from 140 transactions
• March 2019 – $101,948,344 generated from 135 transactions

Looking at these statistics, the local real estate market in March 2019 had slightly mixed results in comparison to March 2018. The total dollar volume of sales in March 2019 increased 18% from March 2018. However, the number of real estate transactions in Summit County in March 2019 decreased 4% from March 2018. In looking at the first quarter of 2019, these statistics make March 2019 very similar to the two months that preceded it. All three months featured higher dollar volume of real estate sales with lower total transaction numbers.

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

• In February 2019, the number of real estate transactions in Summit County decreased 5% from February 2018, but the total dollar volume of sales in February 2019 increased 17% from February 2018.
• In January 2019, the number of real estate transactions in Summit County decreased 5% from January 2018, but the total dollar volume of sales in January 2019 increased 30% from January 2018.
• In December 2018, the number of real estate transactions in Summit County decreased 23% from December 2017, and the total dollar volume of sales in December 2018 increased 6% from December 2017.
• In November 2018, the number of real estate transactions in Summit County decreased 1% from November 2017, and the total dollar volume of sales in November 2018 increased 1% from November 2017.
• In October 2018, the number of real estate transactions in Summit County decreased 27% from October 2017, and the total dollar volume of sales in October 2018 decreased 14% from October 2017.
• In September 2018, the number of real estate transactions in Summit County increased 4% from September 2017, and the total dollar volume of sales in September 2018 increased 1% from September 2017.

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.