Summit County Real Estate Market Update by Kate – June 2015

Kate Marrone Market Stats, Monthly Newsletters Leave a Comment

Summit County Residential Sales Up 10%!

Sales are up 10% and at the same time the pending sales (properties under contract) are up +40%. In fact, the activity continues with last week’s under contract activity +64% above last year for the same week – not a bad mud season. Sales are up while the inventory is down -25%.

The average days to sell a property in the county is down -3.2% and of the sales so far the average sold price is up a tad or about +2.6%. The video above and or the PDF of the same video (in the Local Stats section) will show in more detail the number of sales and sold prices throughout the county. The Local Stats have all been updated too – Enjoy.

REAL ESTATE STATISTICS:

  • Inventory is down 25% countywide
  • Supply is low, demand is high
  • Prices are going up!
  • We’re entering our peak time of year
  • Buyers put the most properties Under Contract throughout July & August

See the whole June 2015 Real Estate Newsletter here: June 2015 Market Update by Kate