Summit County | February 2024 HOW'S THE MARKET
SUMMIT COUNTY MARKET STATS
Residential Only (MLS) | 2023 vs 2024 (Month of February) Closed Transactions 2023::85 2024::95 11.8% Sold Dollar Volume 2023::$126M 2024::$136M 2023::$1.48M 2024::$1.44M 2023::47 2024::51 2023::$807 2024::$773 Sale/List Price 2023::98% 2024::98% 8.2% 0% -3.2% Average Sales Price -4.2% Average Price/ Sq.Ft 8.5% Average Days on Market “Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed. ”
SUMMIT COUNTY MARKET STATS
Residential Only (MLS) | 2023 vs 2024 (YTD - 1/1 through 2/29) Closed Transactions 2023::139 2024::156 12.2% Sold Dollar Volume 2023::$193M 2024::$221M 2023::$1.38M 2024::$1.42M 2023::53 2024::54 2023::$790 2024::$786 Sale/List Price 2023::98% 2024::98% 14.6% 0% 2.1% Average Sales Price -0.5% Average Price/ Sq.Ft 1.9% Average Days on Market “Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed. ”
SUMMIT COUNTY TOTAL ACTIVE INVENTORY
Residential & Land (MLS) | At the beginning of March of each year 600 550 500 450 400 350 300 250 200 150 100 50 0 2020 2021 2022 2023 2024 588 462 126 154 133 21 131 108 22 263 232 31 393 340 53 Total Resdential Land 5-Year Comparison 2023 < 2024 Residential Only 47% “Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed. ”
COUNTY NEW LISTINGS VS PENDING SALES Residential & Land (MLS) 60 80 100 120 140 160 180 200 220 240 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 Jan 24 Feb 24 NewListing Pending “Source of all data in this report is from the Summit Board of Realtors MLS. Statistical information is deemed reliable but not guaranteed. ”
SUMMIT