Summit County Market Report 4/2023

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Real Estate

Market Analysis Courtesy of Land Title Guarantee Company
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Market Snapshot for YTD 2023 vs Full Year 2022: Average Indicators for $: Single Family -1%, Multi- Family +3% and Vacant Land -29%. Median Indicators for Single Family -9%, Multi- Family +6% and Vacant Land -22%.

Market Analysis % Change YTD March 2023: 
Monetary volume in March 2023 was down 32% from March 2022. Transactions were down 26% from March 2022.  YTD 2023, monetary volume is pacing 33% down and 30% down with transactions from YTD 2022. * $ and transactions are pacing at 2019-18-17 levels, which were considered "normal" March real estate trends.

Weekly Market Update 4/30/23  
219 non-preconstruction Active listings. Growing slowly 
110 Non-preconstruction Pendings.
Solds last 30 days ave 98.2% of list price. Holding steady. 
Pendings DOM; Median 12 Ave 42. Properly priced homes are still in High Demand.

Week of April 24th;

Price Decrease (14)
Price Increase (1)
New Listing (27)
Back On Market (2)
Pending (16)
Sold (22)
Withdrawn (3)
Expired (7)