Although early fall tends to be one of the busier times for the Summit County housing market, this year’s season could be a bit slower thanks to chatter about an economic recession getting louder.
According to newly released figures from the Summit Association of Realtors, the number of home sales, the total sales volume, and luxury home sales in Summit County were all down in July, with declines settling at between 10% to 18%.
While the dip is raising some eyebrows, it is worth noting that the Summit Association of Realtors President was quick to point out that the slowdown could be nothing more than a seasonal fluke, and a downturn in Denver’s housing market could also be impacting what we’re seeing here in Summit County as well.
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