For over a year now, Summit County’s real estate market has been red-hot. Across the board, data has shown that average and median prices of single-family homes are steadily increasing, volume is up and the number of days a listing is on the market is dramatically decreasing.
Though the Land Title Guarantee Company’s latest real estate report shows evidence the market is favoring sellers, there’s one statistic hinting that maybe it’s showing early signs of stabilizing.
According to the organization’s report, June 2021 was up 176% in total gross volume compared to June 2020. Still a dramatic swing compared to last year, this percentage is a decrease from May 2021, which was up 304% compared to May 2020.
Steve Crozier, owner of Berkshire Hathaway HomeServices Colorado…