The local real estate market remains brisk, inventory remains low and interest remains high. The number of sales are about the same as last year for Summit County with some gains and losses by town (see the number of sales chart above). Properties are selling a little closer to their list price and they are selling faster this year as compared to last year at this time.
The average sold price is up a solid 9% for Summit County and up in each town (see the chart below detailing the residential average sold price). By the way, all the ‘Detailed Sales Stats’ below have been updated through the end of April.
See the full May Newsletter here:
VIDEO DIALOGUE: Local Real Estate Update by Henry E. Barr
I’m Henry Barr and I’m glad to be back to work pretty much full time after a long 10 months of medical leave. Looking forward to a busy summer! Summer here is just now getting into swing. We’ve lost most of the snow here around town but still plenty of snow up on the peaks.
Looking forward to a busy summer. There is low inventory and high demand so for any of you thinking about selling, there hasn’t been a better time in the last 9 years! And for those of you looking to buy, it’s still a good time because interest rates are still at record lows!
Whether buying or selling, we’d love to help you. Please call or email anytime. Thanks.