With only two more weeks left in 2012 the Summit County residential market is up 14.5% - this is down from a 19% year to date gain just last week. The big difference being that this week’s closing activity was down 48% as compared to the same time last year. We will have to wait and see how the closings stack up over the next couple weeks.
The South Side is up 7% in the number of properties sold and the North Side is currently up 20.5% - any improvement is great, but a 20% gain is tremendous.
The number of properties under contract also changed to a plus 14% - again largely due to that reduction of closings this past week.
Average sold price county wide is flat with the North Side holding at a 2.5% improvement and the South Side Flat as well. Prices have remained about the same as they were last week.
Source: SAR Data.
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