With more than $344 million in sales, September was a record-breaking month for Summit County real estate.
According to Land Title Guarantee Co., which compiles data from recorded deeds at the Summit County Clerk and Recorder’s office, September’s sales volume was up 87% from what was seen in the same month last year, and it’s far beyond every September since 2008.
The September numbers are on top of what has been a crazy busy year for those in the real estate business. Total year-to-date sales have surpassed $1.3 billion.
Despite the hot market, year-to-date sales volume is just 1% above that in 2019, according to Land Title. That’s because March through June were below 2019 during the shutdown. Now summer and fall sales are reflecting pent-up demand.
“I haven’t seen numbers like this in my memory,” Summit Realtors President Dana Cottrell said.
The county also saw 387 listings go under contract in September, which is 57% above September 2019, according to Land Title. The increase in sales combined with already low inventory shows that homes are selling faster than ever, Cottrell said.
“There’s not much on the market, so when it hits, it’s a competition,” she said.
