summit county real estate at a glance | SummitDaily.com
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summit county real estate at a glance

CHUCK LEATHERS
special to the daily

With one more month to go in 2009 this much is clear: Prices have not dropped in Summit County by nearly as much as many buyers think or hope they have. Although sales are off by 33%, the average sale price is down only 2.5% year to date. And for the first time in over 2 years, monthly sales beat last year’s. It is probable that by early next year, sales will equal those of 2007 once again. There were a total of 2056 properties listed for sale last week as the inventory steadily declines.

-25.6%… decline in Summit sales between 2000 and 2001 – the last downturn

21%…increase in Summit sales between 2002 and 2003 – the start of the last upturn

Chuck Leathers, CRS, Broker/Owner, has been a full-time Summit County Realtor since 1985. Go to http://www.chuckleathers.com to download sales and listings in your neighborhood and Chuck’s Quarterly Newsletter. Call (888) 485-2300 or e-mail him at ChuckLeathers@Realtor.com


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