Q1, 2012 Compared to Q1, 2011

In the first quarter of 2011 Summit County saw 200 residential transactions with an average sales price of $516, 266.  In 2012 however, the first quarter saw 196 residential transactions (down 2%) and an average sales price of $548,078 (up 6%)!     

Looking forward, there are currently 188 transactions pending with an average list price of $543,944.  We also have 1,209 active listings which represents over a years worth of inventory.  An inventory of over six months is generally considered to be a buyer's market and with the average sales price on the rise now may be the time to take advantage of low pricing, low interest rates and a large inventory.

As always, if you have questions about this or anything else pertaining to Summit County Real Estate please feel free to contact me anytime.

All the best,

Tyler MacGuire  e-PRO®, SFR

Broker Associate

Omni Real Estate Company

Office: 970-468-2740

Mobile: 970-409-7779    

Web: www.tylermacguire.com

      

“Your Guide to Summit County Real Estate”

The information contained herein is based solely on MLS data.