by Tammy Murphy | Mar 22, 2025 | BLOG, Current Events, Investor Relations, Market Updates, Neighbor Chat, Real Estate News, Real Homes to Love
A Slow Start but Solid Price Growth!
Happy New Year, Dayton! The start of 2025 has brought some interesting trends in the local real estate market. While the cold temperatures and snow slowed the pace of home sales in January, we’re still seeing positive movement in home prices. Let’s take a look at how the month shaped up and what it means for buyers and sellers alike.
January Highlights
In January, we saw 751 homes sold, which is a 15% decrease from the 883 sales reported in January 2024. The decrease in sales was largely driven by the winter weather, which kept many buyers and sellers indoors. However, despite fewer transactions, the total sales volume dropped by only 11%, totaling $202.4 million.
On a brighter note, home prices are still on the rise! The average sales price increased by 4.73%, reaching $269,640, while the median sales price climbed 10% to $231,000. These price increases show that demand for homes remains strong, even during the slower winter months.
Market Activity
New listings in January were down by 5.58%, with 1,082 new homes hitting the market, compared to 1,146 in January 2024. This reduction in new listings points to fewer homes being available for buyers to choose from, adding to the competitive nature of the current market. The total available inventory at the end of the month was 1,745 active properties, which translates to a 2.3-month supply, indicating that the market remains tight.
What Does This Mean for You?
For sellers, January’s price increases indicate that it’s still a good time to list your home, especially if you’re looking to take advantage of continued price growth. While sales were slower in January, the rising prices suggest that demand is strong enough to support good returns on homes.
For buyers, while there may be fewer homes on the market, the current prices reflect a steady market and a great opportunity to invest in real estate. As inventory remains tight, acting quickly when the right property comes along is key.
Let’s Connect!
Whether you’re considering buying or selling in this market, we’re here to help you navigate the trends and make informed decisions. Contact us for a no-obligation consultation on your home’s value or buying potential.
Stay tuned for more updates as we move through 2025, and let’s make this a great year for your real estate goals!
by Tammy Murphy | Mar 21, 2025 | BLOG, Buyers, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Real Estate News, Real Homes to Love
As we reflect on the 2024 real estate market in the Dayton area, it’s clear that there have been shifts in both sales volume and home prices across different communities. While some areas saw increases in both the number of transactions and prices, others experienced slower sales, though price growth remained strong. Here’s a breakdown of how some of our key communities performed from 2023 to 2024:
Communities Showing Strong Price Growth
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Bellbrook/Sugarcreek: This community experienced a 47 increase in units sold, with the average sales price rising by $20,159 to $447,277, and the median price increasing by $8,000 to $406,500. This indicates a very active market, reflecting strong demand in this desirable area.
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Beavercreek/Bvrcrk T.S.: Sales volume increased by 27 units, with the average price rising by $16,041 to $358,794. The median price also saw a nice boost of $13,250, reaching $333,250. Beavercreek continues to show resilience in price appreciation, driven by its desirable location.
Communities with Moderate Price Increases
- Centerville/Wash. T.S.: Although the number of sales rose by 63 units, the price growth was more modest. The average price increased by $3,141 to $355,478, and the median price rose by $1,962 to $331,962. This reflects steady demand and price stability in Centerville, with consistent growth from 2023 to 2024.
Communities Showing Declining Sales but Strong Price Growth
- Brookville: Sales here fell by 14 units, but the average price increased by $13,877, reaching $288,187, while the median price rose by $25,900 to $299,900. Despite fewer sales, Brookville continues to see price growth, indicating that buyers are willing to pay more for homes in this community.
Communities with Steady Price Growth Amid Slower Sales
- Dayton: With a 33-unit increase in sales, Dayton saw an increase in both average and median prices—the average price rose by $9,304, reaching $128,543, and the median price rose by $7,850, reaching $122,000. While still showing improvement, Dayton continues to be a more affordable market compared to some of the more expensive communities in the area.
What Does This Mean for You?
For buyers, 2024 presented a more competitive environment in areas like Bellbrook/Sugarcreek and Beavercreek, where sales volume and prices have risen sharply. However, communities such as Brookville and Dayton still offer opportunities for homebuyers with increasing prices and less competition.
For sellers, 2024 was a year where many communities saw solid price increases. If you’re considering selling, areas with rising demand, such as Centerville and Beavercreek, could provide an excellent opportunity to capitalize on these price increases.
Let’s Connect!
Whether you’re looking to buy or sell, our team is here to help guide you through the current market trends. We offer no-obligation assessments to help you make informed decisions based on your specific needs. Reach out today to discuss how we can assist you in navigating this dynamic market!
ULTIMATELY – the right community for YOU may be different than for another, and finding the best “deal” in the community you prefer is our #1 goal!
by Tammy Murphy | Jan 24, 2025 | BLOG, Current Events, GLOBAL, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
A Strong Finish to 2024!
As we close out 2024, the Dayton real estate market continues to show strength, with solid growth in sales volume and home prices throughout the year. While December saw a slight seasonal dip, the overall performance for the year reflects a healthy, stable market with continued demand. Here’s a look at both the December 2024 market and a full-year recap of real estate activity.
December 2024 Market Update
December typically sees some slowing in activity as we approach the holidays, and 2024 was no different. Listings in December were down by 5.74%, with 854 new listings compared to 906 in December 2023. Similarly, the number of homes sold decreased by 4.92% to 1,025 transactions.
Despite the slight slowdown in activity, prices continued to climb. The median sale price surged by 10.09% to $240,000, while the average sales price rose by 6.06% to $271,248. These price increases show that the market remains resilient, even during the seasonal dip. Homes continued to sell at a high rate, with 99.1% of listed properties selling at or above their asking price, reflecting strong demand in the local market.
Inventory was also slightly up in December, with 1,937 active listings, which represents a 1.8-month supply based on the pace of sales. This is a small increase compared to last year’s 1.7-month supply, but it still indicates a competitive market.
Full Year 2024 Recap
Looking at the full year, 2024 was a year of continued growth for Dayton’s real estate market. The number of new listings rose by 4.85%, with 17,091 homes listed in 2024. The number of homes sold also increased by 5.29%, reaching 14,450 transactions—a solid gain compared to 2023.
The total sales volume for 2024 reached an impressive $4.01 billion, reflecting a 14% increase from 2023. As for home prices, both the average and median sale prices saw healthy increases. The average sales price climbed by 8.31% to $277,780, while the median sale price rose by 6.67% to $240,000.
What’s even more remarkable is that homes continued to sell at their asking price, with the sale-to-list price ratio staying steady at 100%. This indicates that the market is well-balanced, with sellers getting their desired prices and buyers staying engaged despite rising prices.
What Does This Mean for You?
For sellers, the continued price increases and demand for homes present a great opportunity to capitalize on the market’s strength. If you’ve been thinking about selling, now could be a great time to put your home on the market, especially with prices continuing to rise.
For buyers, while the market remains competitive, the steady increase in prices also indicates that buying sooner rather than later could be beneficial in the long run. Interest rates and inventory levels will continue to fluctuate, but the overall market dynamics suggest that home values will continue to appreciate.
Let’s Connect!
As we move into 2025, our team is here to help you navigate the real estate market. Whether you’re looking to buy, sell, or simply need some advice, we offer no-obligation assessments to help you make informed decisions. Let’s work together to make your real estate goals a reality in the coming year!
by Tammy Murphy | Dec 20, 2024 | BLOG, Current Events, GLOBAL, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
November 2024 Real Estate Market Update: Steady Prices Amid Seasonal Shifts
Hello, Dayton! As we wrap up the fall season and move toward the winter months, we’re reflecting on the latest developments in our local real estate market. November has shown some interesting trends—while activity has slowed slightly compared to last year, home prices are still on the rise. Whether you’re buying, selling, or just staying informed, here’s what you need to know about the current market!
November Highlights
In November, the Dayton real estate market saw 1,103 homes sold, marking a 7% decrease from the previous year. This slowdown in transactions is typical as we approach the winter months, but it doesn’t mean the market is losing momentum overall. The total sales volume for November was $306 million, down 4% from last year.
Despite fewer sales, home prices continued their upward trend. The average sales price in November rose to $277,410, a 3% increase from last year. Similarly, the median sale price jumped 8.65%, reaching $249,900. These price increases reflect the strong ongoing demand for homes, even as the number of transactions decreases slightly.
Year-to-Date Performance
Looking at the broader picture for 2024, the year-to-date numbers are impressive. There have been 13,391 sales so far, which is a 5.8% increase compared to the same period in 2023. The sales volume through November reached a total of $3.7 billion, a 14% increase from last year. This is a strong indicator that the market has remained active and competitive throughout the year.
Prices continue to rise across the board, with the average sales price for the year at $278,266, up 8.48% from 2023. The median price has also seen a significant increase, rising 6.67% to $240,000. These gains show that the Dayton market remains resilient and attractive to buyers.
Inventory Insights
Inventory levels showed a slight decrease in November, with 1,200 new listings, down 8.5% from the previous year. The overall active inventory at the end of November stood at 2,162 properties, which translated to a 1.9-month supply based on the current pace of sales. This is similar to last year’s inventory levels, indicating that the market continues to be competitive, with homes selling quickly.
What Does This Mean for You?
The November results show a market that is still healthy, with rising prices despite slower sales. For sellers, the rising prices present a great opportunity to maximize your return if you’re considering listing your home. For buyers, understanding the current pricing trends and acting quickly when the right home becomes available is key, as the inventory remains limited.
Let’s Connect!
Whether you’re looking to buy, sell, or just want to stay informed about the market, our team is here to help. We offer no-obligation assessments to help you understand your home’s value or potential buying options.
As we head into the final months of the year, stay tuned for more updates, and let’s make the most of the opportunities in the real estate market!
by Tammy Murphy | Nov 23, 2024 | BLOG, Current Events, GLOBAL, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
October 2024 Real Estate Market Update: Continued Growth and Rising Prices!
Hello, Dayton! As we enter the fall season, we’ve seen some exciting developments in our local real estate market. October 2024 was another strong month, with sales volume, home prices, and overall market activity continuing to show positive trends. Whether you’re a buyer, seller, or just curious about the market, we have some great insights to share with you!
October Market Highlights
In October, the Dayton real estate market saw 1,248 home sales, which is a slight increase of 4 transactions compared to last year. The sales volume for the month hit $347.7 million, a 5% increase from October 2023. This is a great sign that demand for homes remains strong as we head into the final months of the year.
Both average and median home prices also continued to rise. The median price in October reached $245,000, which is up 4% from the previous year, and the average sales price came in at $278,667, marking a nearly 5% gain. These increases reflect a healthy market, with more buyers willing to invest in homes at higher prices.
Year-to-Date Performance
Looking at the year-to-date performance, the market has shown impressive growth. 12,248 homes have been sold through October, a 6.8% increase compared to 2023. The total sales volume for the year stands at $3.4 billion, marking a 16% increase from last year—indicating strong market momentum.
The year-to-date average sales price has increased by 9.09%, reaching $278,447, while the median sale price has grown by 6.62%, now at $239,900. These numbers show that both home values and overall market activity are continuing their upward trajectory throughout 2024.
Inventory Insights
While new listings slightly decreased in October—down 1% from last year to 1,573 new listings—inventory for the year is up by 6.75%. There were 15,032 new listings through October, helping to meet demand in a tight market.
At the end of October, there were 2,169 active listings, which represents a 1.7-month supply based on October’s pace of sales. This is very much in line with the previous year, where a 1.8-month supply was available. The tight inventory indicates that homes are continuing to sell quickly, making it a competitive environment for buyers.
What Does This Mean for You?
For sellers, this is still a great time to consider listing your home. Rising prices and continued demand mean you could get a good return on your investment. For buyers, while the market remains competitive, it’s important to stay informed about the current trends, as prices continue to rise. Acting now could help you lock in a home before prices increase further.
Let’s Connect!
Whether you’re looking to buy, sell, or simply have questions about the market, our team is here to help. We offer no-obligation assessments to provide you with the insights you need to make informed decisions.
Stay tuned for more updates, and let’s make the remainder of 2024 a successful year in real estate together!
by Tammy Murphy | Oct 28, 2024 | BLOG, Current Events, Neighbor Chat, Networking, Real Estate News, Real Homes to Love, Senior Living
As we dive deeper into the intricacies of property taxes, it’s essential to reflect on the broader implications of these increases beyond just the numbers on a tax bill. For many homeowners, especially those on fixed incomes, these rising costs can mean tough choices: deciding between making necessary home repairs or paying that ever-increasing tax bill.
So, what’s next for homeowners in Montgomery County? With the potential legislative changes on the horizon, there is a glimmer of hope. The proposed increase to the Homestead Exemption could provide much-needed relief, particularly for our elderly neighbors and those facing financial hardships. However, the question remains: will these changes be enacted swiftly enough to make a meaningful impact?
During our discussion with John McManus, it was refreshing to hear his insights not just as a treasurer but as a fellow community member. He highlighted the importance of transparency in how tax dollars are spent and the need for ongoing dialogue between local government and residents. “It’s not just about collecting taxes; it’s about ensuring that our community feels the benefit of those funds,” he emphasized.
This sentiment resonates deeply with many residents who feel disconnected from the decisions that affect their wallets. How can we bridge that gap? Engaging in community forums, reaching out to local representatives, and voicing our concerns can empower us as constituents. John reminded us that our collective voice has the power to drive change. As homeowners, we must remain vigilant and proactive, ensuring our interests are represented in these legislative discussions.
Moreover, as we navigate these challenging times, it’s crucial to explore ways to mitigate the impact of rising property taxes. Have you considered a property tax appeal? While it might seem daunting, many homeowners have successfully challenged their tax assessments with the right information and support. It’s worth investigating, especially if you believe your home’s valuation does not reflect current market conditions.
In conclusion, while property taxes may seem like an unavoidable reality, they don’t have to be a source of frustration. By staying informed, engaging with local leaders, and exploring available resources, we can work together to find solutions that benefit our community. Let’s continue this conversation—after all, it’s our community, and we all have a stake in its future.
Together, let’s advocate for change and support one another through these challenges!
