Sold Market Up 5%. Summit County Real Estate Sales Update

The local Summit County residential market took a turn this past week. A surge of new listings combined with a surge of sold listings along with a slower week of properties going under contract resulted in two key changes. 1. The number of active listings increased, now only down -8% from last year. 2. The number of properties under contract dropped from an improvement of 14% to +0.6%!

 

This year (today) Summit County has 1 additional property under contract. Basically the same.

 

The number of sold properties improved and instead of being even with 2012 the market is now 5% ahead. Of those properties that sold their average sold price is down -2.4%.

 

The end of the 1st quarter is almost upon us and the next three weeks of real estate activity will prove to be very interesting. Learn more here http://www.ecoloradohomes.com





Source: SAR Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. * The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.