December 2021 Market Stats

 SUMMIT COUNTY MARKET STATS

December 2021

Prepared by Slifer Smith & Frampton Real Estate

During the month of December, Summit County saw 148 residential transactions totaling $178.8M in sales volume. Compared to December 2020, transactions were down by 24% and volume was down by 1%. Year-to-date sales volume surpassed $2.4Billon and is still trending ahead of last year by 25%. Year-to-date land transactions are down 31%, with 149 closings to finish off 2021.

The 3-month average sales price has continued to climb and is now at $1,218,850, 31% higher than a year ago. The 3-month average price per square foot is at $716, up 27%. The days on market 3-month average is down 60% compared to 2020, now at 26 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 843 transactions for the year of 2021, up 37% compared to 2020.

As of January 1st, there were 114 active listings in Summit County, of which 86 were residential and 28 land. This is a 15% decrease in inventory compared to last month and a 39% decrease compared to the beginning of December 2020.

Data used in this write-up was collected from the MLS on 1/4/2022 

Source of Data: Summit Association of Realtors MLS. Information is deemed reliable but not guaranteed.