by Tammy Murphy | Jun 17, 2024 | BLOG, Current Events, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
Second Quarter 2024 Real Estate Market Update: Resilience and Growth!
Hello, Dayton friends! As we wrap up the second quarter of 2024, it’s time to take a closer look at the real estate market in our area. The latest numbers reveal a market that remains robust, with impressive growth in prices and continued activity despite a slight dip in sales for June. Whether you’re considering buying, selling, or just curious about the market, there’s plenty of exciting information to share!
Q2 Highlights
The second quarter has continued to showcase the strength of our local real estate market. In June, we recorded 1,282 home sales, reflecting a 3.8% decrease from June 2023. However, this minor decline comes on the heels of strong performance in April and May, demonstrating resilience in the face of seasonal shifts.
The cumulative sales volume for June reached $375 million, which is a 5% increase from the previous year. This consistent volume indicates that while sales may have slipped slightly in June, buyer demand remains strong overall.
Price Trends
One of the most notable trends has been the rise in home prices. In June, the average sales price hit a new high of $292,966, marking an impressive 9.5% increase from last year. The median sales price also rose to $255,000, up 8.9%, setting another peak in our market. These increases reflect a continuing trend of rising home values, making it a great time for homeowners to consider their selling options.
Year-to-Date Performance
Looking at the first half of 2024, we see a strong performance overall. There were 7,075 sales recorded, representing an 11% increase from the 6,365 sales in the first half of 2023. The cumulative sales volume for this period reached an impressive $1.96 billion, a 23% increase year-over-year.
The average sales price year-to-date stands at $276,568, up 10% from last year, while the median price increased to $235,000, reflecting a 9% rise. This steady growth in prices signifies a healthy market and increased demand for homes.
Inventory Insights
June also brought 1,608 new listings, up 9% from last year. For the first half of the year, 8,689 listings were submitted, marking a 16% increase compared to 2023. However, with 1,673 active listings at the end of June, we have just a 1.3-month supply of homes available, which continues to indicate a competitive environment for buyers.
Why This Matters to You
The second quarter results highlight both opportunities and challenges in our market. For sellers, rising prices and strong demand could translate to a favorable selling environment. For buyers, understanding current trends and acting quickly is crucial in this fast-paced market.
If you have questions about your home’s value, want to discuss 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 unique 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 remainder of 2024 a successful year in real estate together!
by Tammy Murphy | May 13, 2024 | BLOG, Current Events, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
May 2024 Real Estate Market Update: Strong Sales and Rising Prices!
Hello, Dayton homeowners and future buyers! As we dive deeper into 2024, we’re thrilled to bring you the latest updates from our local real estate market. May has been a remarkable month, showcasing impressive growth in both sales and prices. Whether you’re considering buying, selling, or simply curious about the market, there’s a lot of exciting news to share!
Market Highlights
In May, we saw a total of 1,360 home sales, reflecting a 6% increase from the 1,283 sales reported in May 2023. This trend of increasing sales continues, demonstrating resilience against the typical seasonal slowdowns that often characterize this time of year.
The total sales volume for May reached $392 million, marking a robust 17% increase compared to the same month last year. Such strong activity is a positive sign of the health and vibrancy of our local market!
Price Trends
The upward trajectory in home prices remains a key story in our market. The median sales price hit $250,000, representing an 11% increase from last year. The average sales price also rose, reaching $288,362, which is 11% higher than May 2023. These increases reflect strong demand and a competitive market that favors homeowners looking to sell.
Year-to-Date Performance
As we look at the first five months of 2024, the trends continue to impress. There have been 5,770 sales, which is a 14% increase from the same period last year. The total sales volume for this timeframe has soared to $1.57 billion, a remarkable 27% increase compared to 2023. The average sales price year-to-date stands at $272,424, showing an 11% rise, while the median price has also increased to $230,000, up 9% from last year.
Inventory Insights
In May, there were 1,753 new listings, which is a 23% increase from last year’s 1,419. Year-to-date listings have also seen a rise, with a total of 7,077 listings submitted—up 17% from 6,020 last year. However, with only 1,540 active listings at the end of May, the inventory represents just over one month’s supply based on the current sales pace, indicating a competitive market for homebuyers.
Why This Matters to You
These trends present an exciting opportunity for buyers and sellers alike. If you’re thinking of selling, rising prices could mean a great return on your investment. For buyers, navigating a competitive market can be challenging, but we’re here to help you every step of the way.
If you have questions about your home’s value, want to explore your buying options, or need guidance on the current market, please don’t hesitate to reach out. We offer no-obligation assessments tailored to your needs.
Let’s Connect!
Our team is dedicated to helping you achieve your real estate goals, whether you’re looking to buy, sell, or simply explore your options. Stay tuned for more updates, and let’s make 2024 a fantastic year for real estate together!
by Tammy Murphy | Apr 8, 2024 | BLOG, Current Events, GLOBAL, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
April 2024 Real Estate Market Update: Strong Growth Continues!
Hello, Dayton friends! Spring has fully arrived, and with it, exciting developments in our local real estate market. April 2024 has proven to be a robust month for home sales, showcasing an upward trend in both sales and prices. Whether you’re considering buying or selling, let’s dive into the latest numbers and insights!
Market Highlights
April saw a significant 14% increase in home sales, with 1,228 transactions reported compared to 1,075 in April 2023. This surge reflects the continued demand for homes in our vibrant community, with buyers eager to find their perfect match.
The sales volume for the month reached $325 million, marking a 21% increase from last year. This momentum is encouraging for both buyers and sellers, as it indicates a healthy, active market.
Price Trends
Price growth remains steady, with the average sales price rising to $265,444, a 6% increase over April 2023. The median sale price also experienced a boost, reaching $225,000, up 3% from the previous year. These rising prices highlight the strength of our local market and the value of investing in Dayton real estate.
Year-to-Date Performance
Looking at the first four months of 2024, the trends continue to impress. A total of 4,375 sales have been recorded, which is a 16% increase compared to the same period last year. The cumulative sales volume for this timeframe is an astounding $1.16 billion, representing a nearly 30% increase from 2023.
The average sale price for the year so far stands at $267,158, reflecting an 11% rise, while the median price has also grown, moving from $203,750 in 2023 to $225,000 in 2024—a 10% increase. These statistics are promising for homeowners and investors alike!
Inventory Insights
In April, there were 1,557 new listings, a 21% increase from last year, contributing to a total of 5,321 listings year-to-date, up 15%. However, with 1,323 active listings at the end of April, we see just one month’s supply of homes available based on the current sales pace, suggesting a competitive environment for buyers.
Why This Matters to You
The strong performance in our market presents a wonderful opportunity for both buyers and sellers. If you’ve been contemplating selling your home, the rising prices and active market could work in your favor. For buyers, understanding the competitive landscape is essential, and we’re here to help you navigate your options effectively.
If you have any questions about your home’s value, potential buying power, or market trends, don’t hesitate to reach out! We offer no-obligation assessments and are ready to provide personalized insights tailored to your unique situation.
Let’s Connect!
Our team is dedicated to helping you achieve your real estate goals, whether you’re buying, selling, or simply exploring your options. Stay tuned for more updates, and let’s make this spring a season of success in real estate together!
by Tammy Murphy | Mar 18, 2024 | BLOG, Current Events, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
Hello, Dayton community! As we embrace the spring season, we’re excited to share the results from the first quarter of 2024. The Dayton real estate market has shown remarkable strength, and we have plenty of encouraging news to discuss. Whether you’re thinking about buying, selling, or simply curious about the market, there’s something here for you!
March Highlights
March was a standout month, with 1,197 home sales reported—an increase of over 5% from March 2023. The cumulative sales volume reached an impressive $333.9 million, reflecting a 19% year-over-year increase. The upward trend in prices continued, with the average sale price climbing to $278,971, up 13% from last year, and the median sale price also rising to $232,000—a 13% increase. This strong performance highlights the ongoing demand for homes in our area.
First Quarter Performance
Looking at the first three months of 2024, we see even more positive trends. There were a total of 3,209 sales, marking a 14% increase compared to the same period last year. The total sales volume for the quarter reached $856 million, a nearly 30% increase from 2023. The year-to-date average sale price stands at $266,844, while the median sale price has risen to $225,000—both reflecting a 13% increase from the previous year.
Inventory and Listings
In March, 1,432 new listings were added to the market, slightly up from 1,423 last year. The year-to-date listings totaled 3,858, which represents a 9% increase. However, with 1,269 active listings at the end of March, we see just one month’s supply of homes available, indicating a competitive market for buyers.
What This Means for You
These positive trends present exciting opportunities for both buyers and sellers in our market. If you’re considering selling your home, the rising prices could mean a great return on your investment. For buyers, understanding the competitive landscape is crucial, and we are here to help you navigate this vibrant market.
If you have questions about your home’s value, want to explore your buying options, or need insights into current market conditions, don’t hesitate to reach out. We offer no-obligation assessments tailored to your needs.
Let’s Connect!
As always, our team is dedicated to supporting you in your real estate journey. Stay tuned for more updates and insights as we progress through 2024. Let’s make this year a great one in real estate together!
by Tammy Murphy | Mar 12, 2024 | BLOG, Buyers, Client Testimonials, Commercial Properties, Current Events, Estate Planning, Facing Foreclosure, GLOBAL, Investor Relations, LENDERS, Military, Neighbor Chat, Networking, Podcast, Real Estate News, Real Homes to Love, Sellers, Senior Living
We hinted about a project late last year, and are happy to announce that The Real-Tea Podcast is Available Now!
This twist on a Real Estate Podcast presents from a Professional view with a Client Perspective, join Tammy Murphy and Elle Sollenberger, as they spill The Real-Tea about buying and selling Real Estate. You will get to meet our hosts and learn what brought the Realtor and Client together for this fun and sometimes quirky podcast. The years they have shared in working together in multiple deals and different market scenarios is beneficial for anyone looking to Buy or Sell a house.
Curious about our episodes??
check it out on YouTube (video) https://www.youtube.com/@realhomestolove3939/podcasts
or Spotify (audio only) https://podcasters.spotify.com/pod/show/real-homes-to-love
by Tammy Murphy | Feb 12, 2024 | BLOG, Current Events, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
February 2024 Real Estate Market Update: Momentum Continues!
Hello, Dayton homeowners and future buyers! As we move further into 2024, we are excited to bring you the latest updates from the Dayton real estate market. February has proven to be a fantastic month, showcasing not only increased sales but also rising prices, which is great news for our local community!
Market Highlights
In February, we witnessed an impressive 23% increase in home sales, with 1,096 transactions recorded compared to 886 in February 2023. This uptick demonstrates a strong demand for homes as we navigate through the early months of the year.
The cumulative sales volume reached an impressive $287.8 million, which represents a significant 41% increase from the previous year. This surge in sales volume is a positive indicator of our thriving market!
Price Trends
Home prices are climbing, and we have the numbers to prove it! The average sales price for February soared to $262,600, up over 14% from last February. Similarly, the median sale price also increased, now standing at $225,000, reflecting a 15% rise. These trends highlight the growing value of homes in our area, making it a great time for sellers!
Inventory Insights
February also brought more options for buyers, with 1,251 new listings, marking a 24% increase compared to last year. However, with a total of 1,398 active listings at the end of the month, the inventory represents just over one month’s supply based on the sales pace, indicating a competitive market for buyers.
Year-to-Date Performance
Looking at the broader picture, the combined sales numbers for January and February show a strong start to the year. The total number of sales has risen by 24% to 1,993 homes sold, while the cumulative sales volume for this period reached $517 million, an impressive 41% increase from last year. The average sale price for the first two months is $259,574, a 14% increase, alongside a median price of $219,000, reflecting similar growth.
Why This Matters to You
Whether you are considering selling your home or are looking to buy, now is an exciting time in the Dayton real estate market! With rising prices and increased activity, it’s essential to stay informed and make the best decisions for your real estate journey.
If you have questions about your home’s current value, want to explore your buying options, or need guidance in this dynamic market, don’t hesitate to reach out. We offer no-obligation assessments and are here to provide personalized insights to help you navigate this thriving market.
Let’s Connect!
Our team is dedicated to helping you achieve your real estate goals, whether you’re a buyer, seller, or just curious about your options. Stay tuned for more updates and insights, and let’s make 2024 a remarkable year together in real estate!
