Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for November 2014. On a seasonal basis, November usually sees a significant drop-off as the end of 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 November 2014 to the month of November in recent years, the totals were as follows:

• November 2009 – $64,690,000 generated from 135 transactions
• November 2010 – $60,172,900 generated from 141 transactions
• November 2011 – $58,524,100 generated from 142 transactions
• November 2012 – $66,866,100 generated from 154 transactions
• November 2013 – $80,099,800 generated from 170 transactions
• November 2014 – $93,284,600 generated from 203 transactions

Looking at these statistics, the local real estate market in November 2014 trended upward greatly in comparison to November 2013. The number of real estate transactions in Summit County in November 2014 increased a staggering 19% from November 2013. The total dollar volume of sales in November 2014 also significantly increased 16% from November 2013.

To recap Summit County real estate market trends this year:

• 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.
• In August 2014, the number of real estate transactions in Summit County increased 26% from August 2013, and the total dollar volume of sales in August 2014 increased 32% from August 2013.
• In July 2014, the number of real estate transactions in Summit County increased 26% from July 2013, and the total dollar volume of sales in July 2014 increased 32% from July 2013.
• In June 2014, the number of real estate transactions in Summit County increased 6% from June 2013, and the total dollar volume of sales in June 2014 increased 1% from June 2013.
• In May 2014, the number of real estate transactions in Summit County increased 10% from May 2013, and the total dollar volume of sales in May 2014 increased 13% from May 2013.
• 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% from April 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.

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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.