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 | 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!
by Tammy Murphy | Jan 15, 2024 | BLOG, Current Events, GLOBAL, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
January 2024 Real Estate Market Update: A Strong Start to the Year!
Happy New Year, everyone! As we step into 2024, we’re excited to share some promising news about the Dayton area real estate market. January has kicked off with impressive momentum, and there are plenty of reasons to be optimistic about the coming months!
Market Highlights
In January, we saw a 23% increase in home sales compared to last year, with a total of 891 transactions reported. This surge is a clear indicator that buyers are eager to find their dream homes as we begin the new year. The cumulative sales volume reached an impressive $226.6 million, marking a remarkable 39% increase from January 2023!
Price Trends
Home prices are also on the rise! The average sale price in January climbed to $254,396, up over 12% from the same month last year. Meanwhile, the median sale price also saw a boost, reaching $206,000, a 10% increase. This trend shows that demand remains strong, driving up prices as buyers compete for available listings.
Inventory Insights
Speaking of listings, January brought 1,174 new entries into the market, a significant 19% increase compared to the previous year. However, the total available active inventory stood at 1,615, which translates to a pace of sales at just 1.8 months. This low inventory level highlights the competitive nature of the market, making it an excellent time for sellers to consider listing their homes!
Why This Matters to You
With these positive market indicators, now is a fantastic time to think about your own real estate journey! Whether you’re considering selling your home to take advantage of these rising prices or exploring your buying options in a bustling market, we’re here to help you navigate the process.
If you have questions about your home’s value, potential buying power, or the market in general, don’t hesitate to reach out. We offer no-obligation assessments and are happy to provide personalized insights tailored to your needs.
Let’s Connect!
As always, our team is committed to supporting you every step of the way in your real estate journey. Stay tuned for more updates and insights, and here’s to a prosperous 2024 in real estate!
by Tammy Murphy | Jan 8, 2024 | BLOG, Current Events, GLOBAL, Investor Relations, Market Updates, Neighbor Chat, Networking, Real Estate News, Real Homes to Love
As the year of 2023 comes to a close and we review the real estate numbers – there is much opportunity and potential for our communities overall!
The AVERAGE SALE PRICE for our counties include:
- Montgomery County = $220,423
- Greene County = $296,861
- Darke County = $184,376
- Preble County = $217,826
- Warren County – $391,527
You might be wondering what communities ranked with the highest number of sales for 2023?
- Dayton – 1,574 units sold
- Centerville/Washington T.S. – 855 units sold
- Kettering – 749 units sold
- Beavercreek/Bvrcrk T.S. – 697 units sold
- Huber Heights – 602 units sold
These communities showcased significant activity in the real estate market over the past year. If you need further analysis or insights regarding these areas, feel free to ask!
