How's The Market in Summit County?
SUMMIT COUNTY MARKET STATS | Residential Only (MLS) 2021 vs 2022 (Month of August) Closed Transactions 2021 :: 206 2022 :: 151 -27% Sold Dollar Volume 2021 :: $257M 2022 :: $183M -29% Sale/List Price 2021 :: 102% 2022 :: 98% -4% Average Sales Price 2021 :: $1.3M 2022 :: $1.2M -3% Average Price/ Sq.Ft 2021 :: $709 2022 :: $757 +7% Average Days on Market 2021 :: 28 2022 :: 27 -4%
SUMMIT COUNTY MARKET STATS | Residential Only (MLS) 2021 vs 2022 (YTD - 1/1 through 8/31) Closed Transactions 2021 :: 1,354 2022 :: 881 -35% Sold Dollar Volume 2021 :: $1,480M 2022 :: $1,109M -25% Sale/List Price 2021 :: 101% 2022 :: 101%Average Sales Price 2021 :: $1M 2022 :: $1.3M +24% Average Price/ Sq.Ft 2021 :: $638 2022 :: $785 +23% Average Days on Market 2021 :: 33 2022 :: 19 -43%
SUMMIT COUNTY TOTAL ACTIVE INVENTORY | Residential & Land (MLS) For August of each year 1,000 900 800 700 600 500 400 300 200 100 0 2018 2019 2020 2021 2022 740 536 204 931 759 172 673 546 127 265 231 34 515 460 55 Total Residential Land 5-Year Comparison +94% 2021<2022
SUMMIT COUNTY NEW LISTINGS VS PENDING SALES | Residential & Land (MLS) 80 100 120 140 160 180 200 220 240 260 280 Aug 21 Sep 21 Oct 21 Nov 21 Dec 21 Jan 21 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 New Listing Pending