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 May 2014 to the month of May in recent years, the totals were as follows:
May 2009 – $63,752,300 generated from 88 transactions
May 2010 – $63,039,000 generated from 94 transactions
May 2011 – $56,177,600 generated from 107 transactions
May 2012 – $68,527,900 generated from 134 transactions
May 2013 – $81,043,900 generated from 158 transactions
May 2014 – $91,569,106 generated from 174 transactions
Looking at these statistics, the local real estate market in May 2014 trended significantly upward in comparison to May 2013. The number of real estate transactions in Summit County in May 2014 increased 10% from May 2013. The total dollar volume of sales in May 2014 increased 13% from May 2013. This represents a very strong start for the summer real estate season in Summit County.
To briefly recap results reported over prior months in 2014:
In April 2014, the number of real estate transactions in Summit County decreased 13% in comparison to April 2013, and the total dollar volume of sales in April 2014 decreased 7% rom March 2013.
In March 2014, the number of real estate transactions in Summit County increased 1% in comparison to March 2013, and the total dollar volume of sales in March 2014 increased a huge 30% from March 2013.
In February 2014, the number of real estate transactions in Summit County decreased 10% in comparison to February 2013, and the total dollar volume of sales in February 2014 decreased 1% from February 2013.
In January 2014, the number of real estate transactions in Summit County decreased 6% in comparison to January 2013, and the total dollar volume of sales in January 2014 decreased 2% from January 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.
Property listing data provided by Summit County multiple listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. The sale offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice.
Listing Data last updated: 25th September, 2023 05:00 MST
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.