Thursday, July 27, 2006

Real Estate Market is Hot

The real estate market may be cooling off nationally, but over the summer months so far here in Summit County, the homebuying market is hot.

For the second month in a row, transaction volume — or the total dollar amount recorded for residential real estate sales — measured for the month showed a dramatic increase over the same time period last year.

This past June, real estate volume was nearly $163 million for the month — a more than 45 percent jump over June 2005.

In terms of specific June transactions, the 340 recorded were more than an 11 percent boost over the same month last year.

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