Comparing Our Market Between the First Half of 2018 and 2019

Real Estate Podcast with Amy Wengerd

We’re at about the halfway point of 2019, which means it’s the perfect time to bring you an update on our local market. Today we’ll compare the numbers from January 1 to June 15 of 2018 against the numbers from that same period this year. In the first half of 2018, Stark County had 1,967 sales compared to 1,869 sales up to this point in 2019—a 5% drop year over year. The average price per square foot was $83 in 2018 and increased to $87 between January and mid-June this year. Days on market remained relatively unchanged with 2018’s first half being 73 days and 2019’s first half being 70 days. “These numbers are a signal that sellers in Stark or Summit County still have a lot to gain from our current market.” The average sale price between June January and June 2018 was $146,432 and rose to $154,948. That’s a 12% increase year over year for Stark County. Halfway through 2018 in Summit County, there were 3,244 sales compared to 3,008 sales up to this point in 2019—a 7.3% drop year over year. The average price per square foot was $94 in 2018 and increased to $99 between January and mid-June this year. That amounts to $8,500 more to the average Summit County homeowner. As for days on market, Summit County homes spent an average of 81 days on market in the first half of 2018 versus 72 days in 2019. The average sale price between June January and June 2018 was $162,193 and rose to $171,267. That’s a 5% appreciation rate for homes in Summit County. Despite fewer sales, both the price per square foot and average sale price have increased, which signals that sellers in Stark or Summit County still have a lot to gain from our current market. If you have any questions or would like a personalized market analysis of your home, please let us know! And have a great summer!