Summit County Real Estate Market Trends for September 2013
Land Title Guarantee Company recently released its monthly Summit County real estate market analysis for September 2013. On a seasonal basis, September is historically one of the busiest months of the year. 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 September 2013 to the month of September in recent years, the totals were as follows:
- September 2008 – $127,090,100 generated from 201 transactions
- September 2009 – $81,015,200 generated from 147 transactions
- September 2010 – $78,228,400 generated from 149 transactions
- September 2011 – $79,799,400 generated from 162 transactions
- September 2012 – $88,134,600 generated from 158 transactions
- September 2013 – $106,508,200 generated from 244 transactions
Looking at these statistics, the local real estate market in September 2013 continued to trend upward, as it has in recent years. The number of real estate transactions in Summit County in September 2013 posted a whopping increase of 54% over September 2012. The total dollar volume of sales in September 2013 increased a significant 21% over September 2012. For number of property transactions and total dollar volume, September 2013 was the best month of this year so far. It was also the best individual month of September since 2008.
Overall, for the first nine months of 2013, Summit County is ahead by 22% in monetary volume ($628,279,000) and ahead 29% for total transactions (1365) – in comparison to the same period in 2012.
To briefly recap results reported over prior months:
- In August 2013, the number of real estate transactions in Summit County posted a huge increase of 36% over August 2012, and the total dollar volume of sales in August 2013 increased an amazing 53% over August 2012.
- In July 2013, the number of real estate transactions in Summit County increased 23% over July 2012, and the total dollar volume of sales in July 2013 likewise increased 9% over July 2012.
- In June 2013, the number of real estate transactions in Summit County spiked 28% over June 2012, and the total dollar volume of sales in June 2013 likewise surged 17% over June 2012.
- In May 2013, the number of real estate transactions and total dollar volume of sales in Summit County both increased by 18% over May 2012.
- In April 2013, the number of real estate transactions in Summit County increased by 19% over April 2012, and the total dollar volume of sales in April 2013 surged 22% over April 2012.
- In March 2013, the number of real estate transactions in Summit County in March 2013 increased by an enormous 46% over March 2012. And, the total dollar volume of sales in March 2013 increased 25% over March 2012.
- Turning to February 2013, the number of real estate transactions in Summit County in February 2013 increased by 16% over February 2012. However, the total dollar volume of sales in February 2013 decreased slightly by 6% over February 2012.
- Finally, in January 2013, the total dollar volume of sales in January 2013 surged 33% over January 2012. Meanwhile, the number of real estate transactions in Summit County in January 2013 increased by 13% over January 2012.
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.
