Last week the number of residential sold properties in Summit County surpassed the 2011 year end total and this week the total number of sales in Summit County gained 2%...in one week the county went from 13% gain in sold properties to today’s 15%!
Countywide is up 15% and the North Side of the county is almost at a 20% gain and the South Side is at a 9% gain.
The average sold price for Summit County Residential sales fell 1 tenth of a percent and today is up 0.4%. The North Side of the county dropped a bit more and is now at a 3.5% improvement and the South Side remains at minus 0.6%. It will be interesting to see what the next five weeks will bring as we wind the year down.
Active listings today are down -14.7% and the total residential properties in the county that are under contract are up plus 7.5%. The 7.5% is primarily due to two situations this past week: 1. The number of properties that went under contract surged by 33% and the number of properties that sold went down by 22%.