As you might
suspect, I am very often asked how the market is doing. I provide these monthly
reports to keep my clients up to date on real estate market trends in Summit
County, but I can imagine that actually digesting the information each month is
a bit much to remember. So this month, I'm providing more macro information so
you can see longer term trends.
Last month, the
owner of Your Castle Real Estate, Lon Welsh, a number cruncher and chart maker
extraordinaire, used Summit County MLS data to analyze the trends we are seeing
in the market. I'm excited to be able to provde them to you this month!
The takeaway from
the market trends is that sales volume is down around 65% from the height
in 2007 and average prices are down around 16%, more in some markets. The
recovery is underway as prices stabilize and sales increase.
Merry Statistics!
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