Tuesday Morning Coffee- Hunkered Down
Happy Tuesday morning to you! We are hunkered down here in Summit County and doing just fine. It’s pretty quiet around here with all of the tourists gone -Feels like a true mud season!
The real estate market is still moving here, although at a slower pace. Currently we have 561 active listings and 318 properties that are pending. 89 properties have closed in the last month. The absorption rate, the rate that properties are purchased from the market, has increased just a little bit since the pandemic hit. It is currently at about 4.8 months, Which means that it would take 4.8 months to sell everything on the market if there were no new listings between now and then.
Keep yourselves and your family healthy and safe! We will get through this and we look forward to seeing you on the trails again soon!