SC | How's The Market | December 2023

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HOW'S THE MARKET

Summit County | December 2023


SUMMIT COUNTY MARKET STATS Residential Only (MLS) | 2022 vs 2023 (Month of December)

1.1%

Closed Transactions

17.3%

Sold Dollar Volume

-1%

Sale/List Price

2022 :: 94

2022 :: $113M

2022 :: 97%

2023 :: 95

2023 :: $133M

2023 :: 96%

16.1%

17.5%

66.7%

Average Sales Price

Average Price/ Sq.Ft

Average Days on Market

2022 :: $1.2M

2022 :: $676

2022 :: 45

2023 :: $1.4M

2023 :: $794

2023 :: 75

“Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed.”


SUMMIT COUNTY MARKET STATS Residential Only (MLS) | 2022 vs 2023 (YTD - 1/1 through 12/31)

-7.4%

Closed Transactions

-7%

-2%

Sold Dollar Volume

Sale/List Price

2022 :: 1,376

2022 :: $1.76B

2023 :: 1,274

2022 :: 100%

2023 :: $1.64B

2023 :: 98%

0.3%

0.5%

70.4%

Average Sales Price

Average Price/ Sq.Ft

Average Days on Market

2022 :: $1.282M

2022 :: $769

2022 :: 27

2023 :: $1.286M

2023 :: $772

2023 :: 46

“Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed.”


SUMMIT COUNTY TOTAL ACTIVE INVENTORY Residential & Land (MLS) | On January of each year 5-Year Comparison 600

500

400

15% 300

2023 < 2024

200

Residential Only

100 28 0

605

466 2020

139

186

152

34

302

2021

86

302

2022 Total

Residential

259 2023

Land

“Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed.”

43

353

299 2024

54


SUMMIT COUNTY NEW LISTINGS VS PENDING SALES Residential & Land (MLS) 240 220 200 180 160 140 120 100 80 60 40 Dec 22

Jan 23

Feb 23

Mar 23

Apr 23

May 23

Jun 23

New Listing

Jul 23 Pending

“Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed.”

Aug 23

Sep 23

Oct 23

Nov 23

Dec 23


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