Real Estate Market Trends: In a nutshell, sales are flat (down -1.9%) and the average sold price is up +3.8%. Inventory is low and yet, the number of pending properties is soaring with 493 Summit County residential properties under contract right now. Of the 493 properties under contract, 23% are new construction. Click the link below to view the September …
2013 Year in Review – Summit County Real Estate
SUMMIT COUNTY’S 2013 REAL ESTATE STATS ARE IN! SALES ACTIVITY: Sales Activity – Countywide, the number of residential properties sold in 2013 increased 14% compared to the number of sales in 2012. This 14% increase shows a continuation of the trend of the following years, with 2009 being our quietest year and transactions increasing annually since then. This level of activity …
Buyer’s Market or Seller’s Market?
Buyer’s Market or Seller’s Market? It’s All About Supply & Demand Below are some basics to help you determine… Buyer’s Market or Seller’s Market? Where is your market now? Where is it headed? What if you’re in between? A Buyer’s Market Indicators of a Buyer’s Market include: Demand is Lower Inventory is Higher Longer List Time/High Number of Days on …