Summit - What's Really Happening Right Now

Summit is telling a very different story — and it’s one worth paying attention to.

Let’s break down March 2026 vs. March 2025.

The Snapshot

    •    Inventory is down: 32 homes vs. 38

    •    New listings declined: 22 vs. 29

    •    Homes under contract dropped: 15 vs. 20

    •    Closed sales fell significantly: 8 vs. 15

    •    Median sale price dipped: ~$1.2M vs. ~$1.39M

    •    Sale-to-list ratio increased: ~109% vs. 105%

    •    Days on market improved: 14 vs. 28

What This Really Means

This is a tighter, more selective market.

    •    Less inventory

    •    Fewer transactions

    •    But stronger competition on the homes that do sell

Lower volume, higher intensity.

The Nuance That Matters

Here’s the interesting part:

    •    Homes are going under contract quickly (DOM improved)

    •    And they’re selling over asking more aggressively

But overall activity is down.

Translation:

Buyers are highly focused — but only on the right opportunities.

This is not broad demand.

It’s targeted demand.

Where I See Opportunities

For Sellers:

If your home checks the right boxes, this is a powerful moment.

    •    Limited inventory = less competition

    •    Serious buyers are still competing

    •    Strong pricing outcomes are very achievable

But, if it misses the mark?

It will feel it quickly.

For Buyers:

This is a tricky market.

    •    Less inventory = fewer options

    •    Strong homes still draw competition

    •    But there are fewer overall bidding situations

Strategy and timing matter more than ever here.

My Take

Summit isn’t slowing down.

It’s narrowing.

And that creates a very specific kind of market dynamic.

The Bottom Line

Less inventory.

Fewer deals.

But strong competition where it counts.

This is a precision market, not a volume-driven one.