Summit County Real Estate Market Trends for September 2014
Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for September 2014. On a seasonal basis, September is toward the tail 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 September 2014 to the month of September in recent years, the totals were as follows:
- 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
- September 2014 – $126,325,000 generated from 272 transactions
Looking at these statistics, the local real estate market in September 2014 trended significantly upward in comparison to September 2013. The number of real estate transactions in Summit County in September 2014 increased 11% from September 2013. The total dollar volume of sales in September 2014 increased an astounding 19% from September 2013.
To recap Summit County real estate market trends this year:
- In August 2014, the number of real estate transactions in Summit County decreased 6% from August 2013, and the total dollar volume of sales in August 2014 decreased 16% from July 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.
