Well, we can add this August as yet another reason for
optimism about the Summit County Real Estate Market. The month of August
saw 137 residential transactions which is a 32% increase from the 104
transaction in August 2011! Furthermore,
the average sales price rose 5% from $521,585 in August 2011 to $545,190 in
August 2012!
When
comparing 2011 and 2012 year to date, there is reason for optimism as
well. Transactions have come up 20% from
619 through the end of August 2011 to 741 in 2012. However, with over a years worth of inventory,
the average sales price has remained relatively flat dropping 1% from $527,650
in 2011 to $521,697 this year.
Nevertheless, with transactions on the rise and many markets beginning
to see appreciation, there is a lot of reason to think there are good things to
come.
For a
broader view of the current real estate market here are a few links to what the
national news media has to say:
As always, please feel free to contact me anytime at the
information below. I look forward to
hearing from you.
All the best,
Tyler MacGuire e-PRO®, SFR, CNE
Broker Associate
Omni Real Estate Company
Office: 970-468-2740
“Your Guide to Summit County Real Estate”
This information is based exclusively on data in the Summit County
MLS
