Home sales up in January
Summit County home sales in January were up, climbing nearly 22 percent from the same month a year ago.“It’s going to be a very slow turnaround, and we’re starting to see progress,” said Paul Simon with Prudential Karam & Simon Realty in Cuyahoga Falls.A total of 309 homes were sold in the county, up 21.7 percent from the 254 sales in January a year ago and up about 36 percent from the 227 sales in January 2010, according to the Akron Area Board of Realtors.Mirroring national trends, Summit home sales remain below pre-recession levels.Also following national trends, the inventory of homes for sale is down. The inventory totaled 3,658 in January, a drop of nearly 16 percent from the inventory of 4,338 homes in January 2011 and a drop of about 8 percent from the 3,985 homes available in January 2010.The average home sale price in Summit for January was $115,253, up nearly 12 percent from $103,224 in January 2011.The median sale price also was up, increasing nearly 24 percent to $85,000 from the $68,750 median in January 2011.
