"hot season of the year," Old English sumor "summer," from Proto-Germanic *sumra- (source also of Old Saxon, Old Norse, Old High German sumar, Old Frisian sumur, Middle Dutch somer, Dutch zomer, German Sommer), from PIE root *sm- "summer" (source also of Sanskrit sama "season, half-year," Avestan hama "in summer," Armenian amarn "summer," Old Irish sam, Old Welsh ham, Welsh haf "summer").
As an adjective from c. 1300. Summer camp as an institution for youth is attested from 1886; summer resort is from 1823; summer school first recorded 1810; theatrical summer stock is attested from 1941 (see stock (n.2)). Old Norse sumarsdag, first day of summer, was the Thursday that fell between April 9 and 15.
-y 2
adjective suffix, "full of or characterized by," from Old English -ig, from Proto-Germanic *-iga- (source also of Dutch, Danish, German -ig, Gothic -egs), from PIE -(i)ko-, adjectival suffix, cognate with elements in Greek -ikos, Latin -icus (see -ic). Originally added to nouns in Old English; used from 13c. with verbs, and by 15c. even with other adjectives (for example crispy). Adjectives such as hugy, vasty are artificial words that exist for the sake of poetical metrics.