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Week of March 13, 2011:How’s the market?
Active Listings Down 12%
The inventory is lower than last year by 192 or buyers have 12% fewer listings to
take into consideration. Today we have 1,371 active residential Summit County listings and last
March 15th we had 1,563.
take into consideration. Today we have 1,371 active residential Summit County listings and last
March 15th we had 1,563.
Sold YTD: Up 8.7%
Through March 13th in Summit County there have been 137
residential listings that have sold resulting in an 8.7% increase in the number
sold as compared to 2010 through March 13th. Last year at this time
we were 26% ahead of 2009. The sales in 2011 started off with a bang and lately,
notice the NUCs on the graph located on the 2011 Real Estate Weekly, we are
coming in just under 09’s weekly NUCs (new under contracts).
residential listings that have sold resulting in an 8.7% increase in the number
sold as compared to 2010 through March 13th. Last year at this time
we were 26% ahead of 2009. The sales in 2011 started off with a bang and lately,
notice the NUCs on the graph located on the 2011 Real Estate Weekly, we are
coming in just under 09’s weekly NUCs (new under contracts).
Average Sold Price Down 6.4%
Through March 13th our Summit County residential average
sold price is $497,995 and last year (through March 13th) it was
$532,125 resulting in a 6.4% decrease.
sold price is $497,995 and last year (through March 13th) it was
$532,125 resulting in a 6.4% decrease.
Average Active Prices (!)
The average list price of all Summit County residential active
listings is $730,737 and the average list price of all the listings that are
under contract is $604,456.
listings is $730,737 and the average list price of all the listings that are
under contract is $604,456.
How’d our market do this past week?
New Listings: Up
We had 64 new this past week and in 2010 for the same week we had 50 and in 2009
we had 92.
we had 92.
NUCs Up
We had 20 this past week and in 2010 we had 17 and 2009 we had 7.
Sold Listings: Down
We had 10 sell this past week and in 2010 we had 11 and in 2009 we had 11.
Showings: Up
Still up company wide and even if we remove associates that were not with us last
year at this time the number of showings are up about 10%. Actual activity year to
date for showings is about the same as last year or a bit less yet the number
of RE/MAX listings that have sold or gone under contract this year so far is
127% greater in 2011 than it was in 2010! The average number of showings a property is
shown before it is sold this year is at 21.81 and last year it was at 28.18. Another point is
the average list price of the RE/MAX listings that have been shown and sold
this year is at $433,375 and last year for the same time period that average
was $540,100 – a definite change in where the buyers are looking and buying.
year at this time the number of showings are up about 10%. Actual activity year to
date for showings is about the same as last year or a bit less yet the number
of RE/MAX listings that have sold or gone under contract this year so far is
127% greater in 2011 than it was in 2010! The average number of showings a property is
shown before it is sold this year is at 21.81 and last year it was at 28.18. Another point is
the average list price of the RE/MAX listings that have been shown and sold
this year is at $433,375 and last year for the same time period that average
was $540,100 – a definite change in where the buyers are looking and buying.
