Summit County Market Data | Sept 1st-21st

The Summit County real estate market this September has changed significantly when compared with last September. The average sales price so far this September is $1,386,264 which is a 14% increase when compared with last year.

Prices have remained steady and have held their gains when compared to last year. However, properties are now selling at an average of 96% of list price. This means that sellers are accepting prices below list as properties linger on the market for a longer amount of time. Currently, properties are selling after an average of 34 days on the market. The number of sales and pending sales are down over 30% when compared to last year. The frenzy that was Summer 2021 has cooled. Prices may come down some as interest rates continue rising and properties sit for longer periods of time on the market. The bottom line is that properties are still selling as buyers are able to find deals that simply didn’t exist last. year.