SC | How's The Market | May 2023

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How'stheMarket SummitCounty|May2023
Residential Only (MLS) 2022 vs 2023 (Month of May) Closed Transactions 2022 :: 112 2023 :: 100 -11% Sale/List Price 2022 :: 102% 2023 :: 98% -4% Sold Dollar Volume 2022 :: $154M 2023 :: $115M -25% Average Price/ Sq.Ft 2022 :: $846 2023 :: $777 -8% Average Sales Price 2022 :: $1.4M 2023 :: $1.2M -16% Average Days on Market 2022 :: 12 2023 :: 34 183%
SUMMIT COUNTY MARKET STATS |
Only (MLS) 2022 vs 2023 (YTD - 1/1 through 5/31) Closed Transactions 2022 :: 520 2023 :: 434 -17% Sale/List Price 2022 :: 102% 2023 :: 98% -4% Sold Dollar Volume 2022 :: $686M 2023 :: $543M -21% Average Price/ Sq.Ft 2022 :: $803 2023 :: $763 -5% Average Sales Price 2022 :: $1.4M 2023 :: $1.3M -9% Average Days on Market 2022 :: 17 2023 :: 46 171%
SUMMIT COUNTY MARKET STATS | Residential
COUNTY TOTAL ACTIVE INVENTORY | Residential & Land (MLS) For June of each year 800 700 600 500 400 300 200 100 0 2019 2020 2021 2022 2023 750 589 161 800 672 127 190 160 30 318 279 39 392 336 56 Total Residential Land 5-Year Comparison +20% 2022<2023 Residential Only
SUMMIT
PENDING SALES | Residential & Land (MLS) 60 80 100 120 140 160 180 200 220 240 260 280 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 Apr 23 May 23 New Listing Pending
SUMMIT COUNTY NEW LISTINGS VS

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