Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for October 2015. On a seasonal basis, October falls at the tail end of the busiest season for local real estate buyers and sellers. 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 October 2015 to the month of October in recent years, the totals were as follows:

• October 2010 – $79,749,200 generated from 154 transactions
• October 2011 – $73,125,800 generated from 171 transactions
• October 2012 – $114,295,400 generated from 240 transactions
• October 2013 – $114,722,935 generated from 251 transactions
• October 2014 – $130,161,800 generated from 265 transactions
• October 2015 – $156,891,050 generated from 284 transactions

Looking at these statistics, the local real estate market in October 2015 trended upward in comparison to October 2014. The total dollar volume of sales in October 2015 significantly increased 21% from October 2014. Meanwhile, the number of real estate transactions in Summit County in October 2015 moved ahead 7% from October 2014. Accordingly, as we move closer to year’s end, the Summit County real estate market added yet another good month in 2015.

To recap Summit County real estate market trends previously in 2015:

• In September 2015, the number of real estate transactions in Summit County sharply increased 25% from September 2014, and the total dollar volume of sales in September 2015 surged ahead 49% from September 2014.
• In August 2015, the number of real estate transactions in Summit County sharply increased 25% from August 2014, and the total dollar volume of sales in August 2015 surged ahead 49% from August 2014.
• In July 2015, the number of real estate transactions in Summit County remained flat in comparison to July 2014, and the total dollar volume of sales in July 2015 increased 23% from July 2014.
• In June 2015, the number of real estate transactions in Summit County increased 86% from June 2014, and the total dollar volume of sales in June 2015 increased 69% from June 2014.
• In May 2015, the number of real estate transactions in Summit County increased 18% from May 2014, and the total dollar volume of sales in May 2015 increased 27% from May 2014.
• In April 2015, the number of real estate transactions in Summit County increased 31% from April 2014, and the total dollar volume of sales in April 2015 increased 55% from April 2014.
• In March 2015, the number of real estate transactions in Summit County increased 25% from March 2014, and the total dollar volume of sales in March 2015 increased 37% from February 2014.
• 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.

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.