Summit County Real Estate Market Trends for May 2014
Land Title Guarantee Company recently released its monthly Summit County real estate market analysis for May 2014. On a seasonal basis, May marks the kick off to the big summer buying and selling season. The local real estate market in Summit County tends to see 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 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.
New Keystone Real Estate Listings – Last 30 Days
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.