The Market: It is early in the year so not a lot of sales yet. The above stats video will show just where the real estate sales are at today as compared to the same time period in 2017. To put the January sales in to perspective, last January '2017 represented 6% of the total annual sales in 2017.
With that in mind prices are up with the average sold price coming in at an increase of 6%.
The percentage of list price to sold price is moving upwards as well and is at 98.5%.
In other words, properties are selling at 98.5% of their list price on average. In addition the average number of days on the market is now at 45.
Interesting to note that of all the properties that are under contract today, the average list price is around $930,000 and if those sales come in at the 98.5% of list price - well, that will push the average sold price in the county up even higher.
Another interesting point is that 49% of what is under contract today is brand new construction. Of what has sold so far this year 19% of those sales were brand new construction.
?Inventory is still extremely low and demand is high. The local Summit County real estate market is starting 2018 very similar as it did in 2017. You can view the above stats video in a PDF Format.