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 14, 2024 | BLOG, Current Events, GLOBAL, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
Third Quarter 2024 Real Estate Market Update: Steady Prices Amid Changes!
Hello, Dayton community! As we transition into the final months of 2024, it’s time to reflect on the results from the third quarter of the year. The Dayton real estate market has shown resilience, with solid price growth despite a dip in sales volume. Whether you’re thinking of buying, selling, or just keeping an eye on the market, we have valuable insights to share!
Q3 Highlights
September brought a total of 1,175 home sales, representing a 12% decrease compared to the 1,344 sales in September 2023. This decline in transactions reflects broader market dynamics, but it’s important to note that overall demand for homes in our area remains strong.
The cumulative sales volume for September reached $324 million, down 4.6% from last year. Despite fewer sales, prices continue to climb, showcasing the value of homes in our community.
Price Trends
The trend in home prices remains positive. The average sales price rose to $276,129, marking a 9% increase from the previous September. Meanwhile, the median sale price increased to $232,000, up 2.2%. This growth in prices reflects a competitive market where buyers are willing to invest in quality homes.
Year-to-Date Performance
Looking at the broader performance for the year through September, we see an overall increase in sales activity. There have been 10,969 sales year-to-date, representing a 7% increase from 10,216 in the same period last year. The total sales volume for the year has hit $3.05 billion, a remarkable 17.6% increase compared to 2023.
The average sales price for the year stands at $278,348, reflecting a 9.6% increase, while the median price has risen to $239,000, indicating an 8% increase. These trends suggest that home values continue to appreciate, which is great news for current homeowners and potential sellers.
Inventory Insights
In September, there were 1,462 new listings, down 13.4% from last year’s 1,690. However, year-to-date listings total 13,451, up 7.7% compared to the previous year. The overall inventory at the end of September showed 2,013 active properties, translating to just under two months’ supply based on the current resale rate, indicating a tight market.
Why This Matters to You
The third-quarter results highlight a competitive landscape for buyers and a favorable environment for sellers. If you’re thinking about selling your home, the rising prices could lead to a great return on your investment. For buyers, understanding the current market dynamics is key to making informed decisions.
If you have any questions about your home’s value, want to explore your buying options, or need insights into the current market conditions, please don’t hesitate to reach out! We offer no-obligation assessments tailored to your needs.
Let’s Connect!
Our team is here to support you in achieving your real estate goals. Stay tuned for more updates as we approach the end of the year, and let’s make the rest of 2024 a successful year in real estate together!
by Tammy Murphy | Aug 12, 2024 | BLOG, Current Events, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
August 2024 Real Estate Market Update: Steady Growth Continues!
Hello, Dayton community! As we transition into fall, we’re excited to share the latest updates from our local real estate market. August has proven to be a month of steady sales and continued price growth, highlighting the resilience of our market. Whether you’re thinking of buying, selling, or just curious about what’s happening, there’s plenty of positive news to share!
Market Highlights
In August, we reported 1,318 home sales, which is relatively unchanged compared to 1,332 sales in August 2023. This stability in sales reflects a consistent demand for homes, even as we move through the summer months. The cumulative sales volume for August reached over $377.8 million, marking an 8.5% increase from the previous year.
Price Trends
Home prices are continuing their upward trajectory. The average sales price climbed to $286,666, an impressive 9.6% increase from last August. Similarly, the median sales price rose to $249,000, up 6% from last year. These price increases signify the growing value of properties in our area and the ongoing interest from buyers.
Year-to-Date Performance
Looking at the first eight months of 2024, the market shows a marked improvement. There have been 9,781 sales, which represents a 10% increase over the same period last year. The cumulative sales volume has surged to $2.7 billion, reflecting a 21% increase from 2023. The average sales price for this period stands at $278,630, which is nearly a 10% increase, while the median sales price has risen to $239,900, up 8.5%.
Inventory Insights
In August, we saw 1,654 new listings, a decrease of 7.8% from last year. However, year-to-date listings have increased by 11%, totaling 11,987 entries. The overall inventory at the end of August was 2,001 properties, which translates to just a 1.5-month supply based on the current sales rate, indicating a competitive environment for buyers.
Why This Matters to You
The August market trends provide exciting opportunities for both buyers and sellers. If you’re considering selling your home, the rising prices suggest that now could be a great time to make a move. For buyers, staying informed about current market dynamics is essential for making informed decisions in this active environment.
If you have questions about your home’s value, want to explore your buying options, or need insights into the current market conditions, please don’t hesitate to reach out! We offer no-obligation assessments tailored to your needs.
Let’s Connect!
Our team is here to support you in achieving your real estate goals. Stay tuned for more updates as we progress through the year, and let’s make the rest of 2024 a successful year in real estate together!
by Tammy Murphy | Jul 15, 2024 | BLOG, Current Events, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
July 2024 Real Estate Market Update: Summer Surge!
Hello, Dayton friends! As we enjoy the warm summer days, we’re excited to share the latest insights from our local real estate market. July has proven to be a month of growth and opportunity, with impressive increases in both sales and prices. Whether you’re considering buying, selling, or just curious about the market, there’s plenty of great news to share!
Market Highlights
In July, we recorded 1,328 home sales, a notable 13% increase compared to July 2023. This surge reflects the heightened demand characteristic of the summer home buying season, indicating that buyers are actively seeking new opportunities in our vibrant community.
The cumulative sales volume for the month reached over $375 million, a remarkable 19% increase from last year. This positive trend demonstrates the strength of our local market and the ongoing interest in homeownership.
Price Trends
Home prices continue to rise, reinforcing the value of investing in real estate in our area. The average sales price in July climbed to $282,427, marking a 5% increase from the previous year. Meanwhile, the median sales price also saw a boost, reaching $246,675, which is up 3% from last July. These increases highlight the growing demand for homes and the value buyers are placing on quality properties.
Year-to-Date Performance
Looking at the overall performance for the first seven months of 2024, the numbers are equally impressive. We’ve seen 8,438 sales year-to-date, representing an 11.9% increase compared to the 7,540 sales during the same period last year. The total sales volume for this year has surged to $2.34 billion, reflecting a 22.8% increase from 2023.
The average sales price year-to-date stands at $277,373, a nearly 10% increase, while the median price has risen to $237,000, up 7.7% from last year. This consistent growth in home values is a positive sign for current homeowners and those considering entering the market.
Inventory Insights
July also saw an increase in new listings, with 1,630 entries, which is a 13% increase compared to last year’s 1,507 listings. For the January-July period, we recorded a total of 10,324 listings, up 14.7% from 2023. However, with 1,673 active listings at the end of July, we currently have about 1.3 months’ supply of homes available, which continues to suggest a competitive market for buyers.
Why This Matters to You
These trends present exciting opportunities for both buyers and sellers. If you’re thinking about selling your home, now may be a great time to capitalize on rising prices. For buyers, understanding the current market dynamics is crucial for making informed decisions in this active environment.
If you have any questions about your home’s value, want to explore your buying options, or need insights into the current market conditions, please don’t hesitate to reach out! We offer no-obligation assessments tailored to your needs.
Let’s Connect!
Our team is here to support you in achieving your real estate goals. As always, stay tuned for more updates, and let’s make the rest of 2024 a successful year in real estate together!
