Thursday, May 9, 2019
SUMMIT COUNTY MARKET STATS
The first month of the second quarter ended with 133 residential transactions, giving a grand total of 401 for the year so far. This year-to-date total is down just 4% from this time last year. However, the overall residential sales volume for the year is pacing 9% higher than last year at $331 Million.
The 3-month moving average for residential sales price has hovered around $850k for the past three months. Average days on market remains historically low, currently averaging 61 days. The list vs sold price average has maintained 98% since March of 2017.
The highest sale in Summit County was a home in the Timber Trail subdivision of Breckenridge which sold for $10,100,000, contributing to Summit County’s 91 year-to-date $1 million+ residential transactions. Going into May, there is a total of 621 active land and residential listings, a 12% increase from last year.
The source of data used to compile this report is the Summit Association of Realtors MLS. Information is deemed reliable, but not guaranteed. Please contact your Slifer Smith & Frampton Broker for more information.