With five lots sold in June in Summit County, at an average price of $192,200, the first half of 2011 is nearly even with each of the past two years. The last good year for land sales was 2008 with twice as many sales at nearly twice the average price. There are 424 lots for sale this week and 36 have sold through June.
Inventory has peaked for the year and now stands at 2,400, down slightly over last week and has been nearly unchanged for the past month.
Current stats:
2,740... properties listed for sale August 7, 2010.
2,401... properties listed for sale August 6, 2011 — down 12 percent.
