November Market Update
August and September shattered all previous one month records. According to Land Title Guarantee Company; September 2020 real estate volume hit a new benchmark with $344M in gross volume with 384 transactions. When we were looking back to the very beginning of the Summit County record keeping back in 1987, there is no month that comes close to this September gross volume. The entire year of 1995 had the gross volume total of $339M. See the complete report.
The Week of November 8th-We have just over 200 active listings. On pace to hit zero by early December. Less than half are under $1 million.
11/14/20 209 Active Listings 341 Non-preconstruction Pendings
Pendings; DOM Median 24 Ave 69
Price Decrease (14)
Price Increase (0)
New Listing (28)
Back On Market (8)
I hope you're safe and healthy and planning on coming to ski with us this season!
As always, I appreciate referrals. If you can think of anyone who could benefit from my professional real estate services, please let me know.