Local Market shows stability; Breckenridge Associates is No. 1 in 2012
Posted by Breckenridge Associates Real Estate onThe national and local real estate markets have had a tough few years, but in 2012 the Summit County real estate market showed strong resilience. Reduced inventory, stronger buyer demand and lower numbers of distressed sales resulted in the first yearly increase in number of properties sold in Summit County. It was the strongest sales performance since the housing bust. Overall, sales of single family and duplex units throughout Summit County showed a huge advance with 781 sales of single family and duplex units in 2012 vs 433 in 2011. Wow! The same type properties in Breckenridge showed well also with an increase of almost 20% in the number of transactions. With inventory at a 5 year low, and a higher number of emerging buyers in December and January,…
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