SUMMIT COUNTY MARKET STATS
November 2021
Prepared by Slifer Smith & Frampton
Real Estate
During the month of November, Summit County saw 152 residential
transactions totaling $172.6M in sales volume. Compared to November 2020,
transactions were down by 36%, and volume was down by 26%. Year-to-date sales
volume surpassed $2Billon and is still trending ahead of last year by 30%.
Year-to-date land transactions are down 27%, with 138 closings so far in 2021.
The 3-month average sales price has continued to climb and is now at
$1,220,098, 28% higher than a year ago. The 3-month average price per square
foot is at $721, up 34%. The days on market 3-month average is down 66%
compared to 2020, now at 22 days. The 3-month average list vs sold price is
sitting steady at 101%, up 2% compared to a year ago.
The luxury market of $1Million+ sales is continuing to trend ahead of
2020, now at 766 transactions for the year, up 40% compared to 2020.
As of December 1st, there were 135 active listings in Summit County, of which 102 were residential and 33 land. This is a 16% decrease in inventory compared to last month and a 43% decrease compared to the beginning of November 2020.
Data used in this
write-up were collected from the MLS on 12/3/2021
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