Summit County Real Estate Market Trends for September 2018
Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for September 2018. On a seasonal basis, September falls toward the end of the busiest season for local real estate. 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 September 2018 to the month of September in recent years, the totals were as follows:
- September 2011 – $79,799,400 generated from 149 transactions
- September 2012 – $90,330,100 generated from 162 transactions
- September 2013 – $111,130,100 generated from 164 transactions
- September 2014 – $147,078,700 generated from 254 transactions
- September 2015 – $165,716,318 generated from 301 transactions
- September 2016 – $174,179,706 generated from 297 transactions
- September 2017 – $159,591,700 generated from 248 transactions
- September 2018 – $161,902,700 generated from 259 transactions
Looking at these statistics, the local real estate market in September 2018 increased slightly in comparison to September 2017. The total dollar volume of sales in September 2018 increased 1% from September 2017. And, the number of real estate transactions in Summit County in September 2018 likewise increased 4% from September 2017. So far this year, the Summit County market is 11% ahead of monetary volume and also 2% ahead in transactions when compared to the same period in 2017.
To recap Summit County real estate market trends from recent months:
- In August 2018, the number of real estate transactions in Summit County increased 17% from August 2017, and the total dollar volume of sales in August 2018 increased 38% from August 2017.
- In July 2018, the number of real estate transactions in Summit County decreased 17% from July 2017, and the total dollar volume of sales in July 2018 increased 2% from July 2017.
- In June 2018, the number of real estate transactions in Summit County increased 6% from June 2017, and the total dollar volume of sales in June 2018 surged 27% from June 2017.
- In May 2018, the number of real estate transactions in Summit County slightly decreased 1% from May 2017, and the total dollar volume of sales in May 2018 increased 8% from May 2017.
- In April 2018, the number of real estate transactions in Summit County increased 10% from April 2017, and the total dollar volume of sales in April 2018 surged 30% from April 2017.
- In March 2018, the number of real estate transactions in Summit County decreased 21% from March 2017, and the total dollar volume of sales in March 2018 likewise trended downward 30% from March 2017.
If you’re interested in buying a Summit County home, there are lots 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.
