How's The Market in Summit County?
SUMMIT COUNTY MARKET STATS | Residential Only (MLS) 2021 vs 2022 (Month of May)
2021 :: 169 2022 :: 112
-34%
Closed Transactions
2022 :: $154M
-12%
Sold Dollar Volume
2021 :: $1M
2021 :: $653
2022 :: $1.4M +33%
2022 :: $846
Average Sales Price
2021 :: 102%
2021 :: $175M
Average Price/ Sq.Ft
2022 :: 102%
+0%
Sale/List Price
2021 :: 15
+30%
2022 :: 12
Average Days on Market
-20%
SUMMIT COUNTY MARKET STATS | Residential Only (MLS) 2021 vs 2022 (YTD - 1/1 through 5/31)
2021 :: 750 2022 :: 503
-33%
Closed Transactions
Average Sales Price
2022 :: $686M
-12%
Sold Dollar Volume
+40%
2022 :: $803
Average Price/ Sq.Ft
2022 :: 102%
+1%
Sale/List Price
2021 :: 38
2021 :: $619
2021 :: $1M 2022 :: $1.4M
2021 :: 101%
2021 :: $780M
+30%
2022 :: 17
Average Days on Market
-55%
SUMMIT COUNTY TOTAL ACTIVE INVENTORY | Residential & Land (MLS) For May of each year
5-Year Comparison 700
600
500
400
300
200
100
0
+25% 2021>2022 553
380 2018
173
621
473 2019
148
691
Total
571 2020
Residential
120
153
Land
130 2021
23
191
167 2022
24
SUMMIT COUNTY NEW LISTINGS VS PENDING SALES | Residential & Land (MLS)
280 260 240 220 200 180 160 140 120 100 80 May 21
June 21
July 21
Aug 21
Sep 21
Oct 21
Nov 21
New Listing
Dec 21
Pending
Jan 21
Feb 22
Mar 22
Apr 22
May 22