Mid-August Frenzy, Summit Market Report

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Market Trends

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Weekly Market Update

The Week of August 9th-Pending sales ARE THROUGH THE ROOF!  Inventory has dropped by a third from our high on July 1. Pendings are outpacing new listings by double. At this pace we'll be out of listings by mid-October. Properties closing last 30 days continue at 98% of list price.

8/16/20 500 Active Listings  453 Non-preconstruction Pendings

Pendings DOM; median 26 Ave 66

Price Decrease (46)
Price Increase (4)
New Listing (62)
Back On Market (7)
Pending (133)
Sold (79)
Withdrawn (13)
Expired (7)