SC | How's The Market | January 2024

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HOW'S THE MARKET

Summit County | January 2024


SUMMIT COUNTY MARKET STATS Residential Only (MLS) | 2023 vs 2024 (Month of January)

15.1%

Closed Transactions

29.3%

Sold Dollar Volume

1%

Sale/List Price

2023 :: 53

2023 :: $65M

2023 :: 97%

2024 :: 61

2024 :: $84M

2024 :: 98%

12.3%

5.5%

-6.3%

Average Sales Price

Average Price/ Sq.Ft

Average Days on Market

2023 :: $1.23M

2023 :: $765

2023 :: 63

2024 :: $1.38M

2024 :: $808

2024 :: 59

“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 February 1st of each year 5-Year Comparison 600 550 500 450 400 350

33%

300

2023 < 2024

250

Residential Only

200 150 100 50 0

568

434 2020

134

164

145

19

128

2021

108

20

270

2022 Total

Residential

230 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.”

40

357

305 2024

52


SUMMIT COUNTY NEW LISTINGS VS PENDING SALES Residential & Land (MLS) 240 220 200 180 160 140 120 100 80 60 Jan 23

Feb 23

Mar 23

Apr 23

May 23

Jun 23

Jul 23

New Listing

Aug 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.”

Sep 23

Oct 23

Nov 23

Dec 23

Jan 24


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