Still in deep summer season here in beautiful Summit County, and what better time to look at the local real estate market conditions for June of 2017.
In June real estate sales were up in Summit County as a whole, with an average annual growth of 13%. Inventory continues to be low which makes for an excellent seller’s market, with buyer interest being high well-priced properties go under contract in a small amount of time. Let’s take a closer look:
For June, single family home sales have surpassed those of townhouses and condos. The number of single family properties sold has gone up by 38% from last June, while the average sale price was $1.3 million, almost a 33% increase. We also see properties staying on the market for less…