First Five Months, Year to Year Comparison

Here in Summit County the Real Estate market has been very active thus far in 2012.  In fact, we have seen more residential transactions in the first 5 months of the year than we have since 2008.  Nevertheless, the average sales price remains low (reflects 2006/2007 pricing) and interest rates are still at historic lows making the actual cost to purchase a home incredibly tempting.  The chart below compares the time period of January through May in the last eight years.

First 5 Months Comparison
Year	Number of Transactions	Avg Sales Price
2005	769	$385,644
2006	834	$436,458
2007	767	$536,214
2008	499	$586,947
2009	238	$677,628
2010	318	$603,584
2011	366	$553,856
2012	406	$524,455

As always, please feel free to contact me anytime with questions and have a great summer!

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”