by Tammy Murphy | Apr 24, 2025 | BLOG, Current Events, Investor Relations, Market Updates, Neighbor Chat, Real Estate News, Real Homes to Love, Sellers
March 2025 Real Estate Market Update: A Mixed Start to the Year
As we move further into 2025, the Dayton real estate market shows both signs of resilience and areas of slower growth. While the number of new listings has increased, we’re seeing fewer closed sales compared to last year. Despite these changes, home prices continue to rise, signaling strong demand in our local market.
March Highlights
In March 2025, the Dayton market experienced a 5.03% increase in the number of new listings, with 1,482 properties hitting the market compared to 1,411 in March 2024. However, the number of homes sold decreased by 10.72%, with 1,058 transactions recorded compared to 1,185 last year. This drop in sales contributed to an 8.72% decrease in total sales volume, which reached $300.8 million, down from $329.5 million in March 2024.
Despite the decline in sales, the median sale price saw an increase of 3.37%, reaching $241,050, while the average sale price rose by 2.24% to $284,303. This continued growth in prices suggests that the demand for homes remains strong, even as the pace of sales slows.
The inventory of available homes stood at 1,580 properties at the end of March, with 1,868 properties listed as pending sale. This indicates a relatively tight market with continued buyer interest.
Year-to-Date Performance (January – March 2025)
Looking at the first quarter of 2025, the market is following similar trends to what we saw in March. New listings decreased by 2.39%, with 3,683 properties listed compared to 3,773 in the same period of 2024. Sales for the first three months of the year have also decreased by 13.45%, with 2,748 homes sold, down from 3,175 in 2024.
The total sales volume year-to-date is $761 million, reflecting a 10.53% decrease from the $850.8 million in 2024. However, the median sale price for the year has increased by 4.44%, reaching $235,000, and the average sale price has risen by 3.37%, now at $276,988. This price growth shows that while fewer homes are being sold, those that are on the market are still commanding higher prices.
The MLS inventory at the end of March showed 1,580 active listings, translating to a 1.5-month supply based on the current pace of sales. This indicates that the market remains competitive, with inventory still being absorbed quickly.
What Does This Mean for You?
For buyers, the market remains competitive, with prices continuing to rise despite the slowdown in sales. While the number of available homes is still relatively low, it’s essential to act quickly when you find the right property.
For sellers, the market continues to offer strong price appreciation, even though the number of sales has decreased. If you’re thinking of selling, now is still a good time to capitalize on the growing home prices.
Let’s Connect!
Whether you’re looking to buy, sell, or just stay informed about market trends, we’re here to help you navigate the evolving real estate landscape. Reach out for a no-obligation consultation and get insights tailored to your needs.
by Tammy Murphy | May 27, 2024 | BLOG, Buyers, Current Events, Neighbor Chat, Networking, Real Estate News, Real Homes to Love, Sellers, Senior Living
A topic that is on everyone’s mind and in the middle of a lot of discussion is about Property Taxes, so “Let’s Talk About Property Taxes” here in the Montgomery County / Dayton Ohio Region specifically… We know (or have heard) that the increases seen this past year due to the continued uptick in the Seller’s Market – has netted about a 34% INCREASE in property tax basis. What does that mean for the average homeowner? Higher Property Taxes, of course. Now that increase you pay isn’t 34% but it is HIGHER and with no real legislation or “control” in place – OHIO is one of the states that this tax can continue to be a burden and negative impact on the future of properties – if not addressed!
Our State Legislation currently has at least 5 bills under consideration – to address Property Taxes. From raising the Homestead Exemption from its current $25,000-$38,000 to a HIGHER AMOUNT; to restricting the amount of increase for those who are Elderly or Disabled or Fixed Income; to potentially a hybrid version that combines a little of all the bills to one. EITHER WAY YOU SLICE IT – People are being TAXED higher than they see the value necessary – and with continued ballot votes that offer LEVY and ASSESSMENTS that can ADD to the Property Taxes, people are just fed up.
This was the perfect time to have our guest speaker, John McManus, the Montgomery County Treasurer, on our recent podcast The Real-Tea – and was he an enjoyable treat to share! His view and perspective on things is coming from a place of “the people” and to hear that he UNDERSTANDS our perspective and feels the PINCH with us, was a welcome and unexpected benefit. I don’t know about you – but having someone in this position who understands and can relate to the plight of the people is certainly advantageous! I say we keep him in the position for a few more terms!?
Take a listen / look at our podcast – there was so much information we had to do a second episode – so don’t miss that one either!
https://youtu.be/U1aT_0Oenx0
https://youtu.be/lSq9D0f3hIQ
Here’s a few of the tidbit details you may want to check out as well:
Do you know how much of your property tax goes to the school district?? 60% ! And levies can either increase or decrease additional funds for this purpose: New levies are making an INCREASE, or a RENEWAL is keeping the level as current. Montgomery County receives 2-4 %
Depending on your property location, the following ALSO receive a portion of your property taxes: Cities, Townships, Parks and Recreation, Emergency Services, Human Services, and Schools including Sinclair and / or Miami Valley Career Tech.
To see what YOUR property tax goes to cover specifically:
- Go to www.mcauditor.org
- Click on Property Search (proceed to site)
- Search By Address (enter your property address as directed)
- Select the Parcel for your property.
On the left side bar – Select the LEVEY DISTRIBUTION and you will see the breakdown of where your property taxes are being distributed.
BEWARE OF SCAMS:
County Recorder’s Office: Fraud Alert Notification System: Recordings filed against your property will be an immediate notification to you so that you can QUICKLY see if there is fraudulent activity against your property.
Sign up for this FREE SERVICE @ https://go.mcohio.org/applications/recorder/fraud/
County Auditor’s Office: Buy with Confidence – a program to offer homebuyers information and resources to avoid being taken advantage of when buying property. https://www.mcohio.org/1480/Buy-With-Confidence
DON’T BUY HOUSES OF FACEBOOK MARKETPLACE or CRAIGSLIST without doing your DUE DILIGENCE TO VERIFY!
John’s passion project is with Financial Literacy for Adults and Children… This is a FREE Program that can be arranged to present information and education on understanding money / budget and financial planning. Contact the County Offices at 937-225-4010 to schedule.
by Tammy Murphy | May 14, 2024 | BLOG, Current Events, Estate Planning, Facing Foreclosure, Neighbor Chat, Networking, Podcast, Real Estate News, Real Homes to Love, Sellers, Senior Living, Short Sale
Reverse Mortgages: Unveiling Insights and Pitfalls… At first glance, Reverse Mortgages may seem like a beneficial financial option, especially for seniors looking to tap into their home equity. However, our episode uncovers the hidden complexities and potential risks associated with these arrangements. Through a detailed analysis and invaluable insights, we empower you with a deeper understanding of Reverse Mortgages.
Our mission is clear: to equip you with the knowledge necessary to make informed decisions. By dissecting the intricacies of Reverse Mortgages, we provide you with the tools to navigate this financial option with confidence and clarity. Whether you’re considering a Reverse Mortgage or simply curious about its implications, this episode is a must-listen.
Join us as we unravel the mysteries surrounding Reverse Mortgages and offer practical advice to help you avoid common pitfalls. By staying informed and aware, you can protect yourself and your assets while making sound financial choices for the future.
Tune in to our podcast episode and gain a deeper understanding of Reverse Mortgages. Don’t let the allure of quick cash overshadow the importance of due diligence and informed decision-making. Your financial well-being is paramount, and we’re here to guide you every step of the way.
** This episode is dedicated to Mildred Elrod, mother of Tammy Lilly, and the subject case of today’s topic. Her passing in December of 2023 brought to light not only the issues of a Reverse Mortgage; but it spotlights the unconscionable preying on our seniors. From their real estate holdings to potential inheritance by family; the government’s insatiable appetite to misrepresent a “solution” that ultimately is a scheme to deteriorate what should be the people’s rights of ownership, wealth accumulation and future generation of wealth inheritance. **
You Tube: https://youtu.be/yrZUlpTG7fo
Spotify: https://podcasters.spotify.com/pod/show/real-homes-to-love/episodes/The-Real-Tea-SPECIAL-Episode-on-Reverse-Mortgages-e2im43i
by Tammy Murphy | Apr 30, 2024 | BLOG, Buyers, Current Events, For Rent, Investor Relations, Neighbor Chat, Networking, Podcast, Real Estate News, Real Homes to Love, RENTAL, Sellers
Decoding Land Contracts: A Blueprint for Real Estate Success
Welcome to our latest podcast episode, where we delve deep into the fascinating world of land contracts. If you’ve ever wondered about the intricacies of these contracts and the opportunities they offer to both buyers and sellers in real estate transactions, then this episode is a must-listen for you.
We begin by unraveling the complexities of land contracts, shedding light on the fundamental concepts that underpin these agreements. Whether you’re a prospective buyer or seller, gaining a deeper understanding of land contracts can provide you with invaluable insights and knowledge to make informed decisions.
One of the key takeaways from this episode is the importance of working with experienced professionals such as your Realtor and Legal Counsel. These experts play a vital role in guiding you through the nuances of land contracts, ensuring that your financial needs and goals are met with clarity and transparency.
By fostering open and honest communication with your team of professionals, you can pave the way for a successful transition to your next home. Whether you’re looking to buy or sell real estate, the knowledge gained from this episode will empower you to navigate land contracts with confidence and precision.
Don’t miss out on this opportunity to gain a blueprint for real estate success. Tune in to our podcast episode and unlock the secrets of land contracts, setting the stage for a seamless and rewarding real estate journey. Your dream home awaits, and understanding land contracts is the key to unlocking its doors.
https://youtu.be/oUFfB0TD9-Y
by Tammy Murphy | Apr 23, 2024 | BLOG, Buyers, Current Events, Neighbor Chat, Networking, Podcast, Real Estate News, Real Homes to Love, Sellers
Buy or Sell First? This question revolves around the complexities of timing in the real estate market. With low inventory and high demand, deciding whether to buy first or sell first can seem like a real estate version of “which came first, the chicken or the egg?” Tammy and Elle share their perspectives on this process, offering valuable insights and considerations to help listeners navigate this crucial decision.
In today’s market, nearly everyone is grappling with the same dilemma. You might be thinking, “I need to sell my house to buy my next one, but what if I can’t find a new home in time?” Or perhaps, “If I wait to sell, will my contingent offer even stand a chance?” These are valid concerns, and this episode aims to address them head-on.
Through candid discussions and expert advice, Tammy and Elle guide listeners in understanding the implications of buying or selling first. Whether you’re a seasoned homeowner or a first-time buyer, this episode is packed with valuable information to help you make informed decisions about your next move in the real estate market.
Tune in to gain clarity and confidence in navigating the buying vs. selling dilemma. Let Tammy and Elle’s insights empower you to take the next steps towards your dream home without the stress of uncertainty. Don’t miss out on this episode—it’s time to sip The Real-Tea and make informed real estate decisions!
https://youtu.be/QEEPPYxOhJE
by Tammy Murphy | Apr 16, 2024 | BLOG, Buyers, Current Events, LENDERS, Neighbor Chat, Networking, Podcast, Real Estate News, Real Homes to Love, RENTAL, Sellers
Unlocking the Secrets of the Loan Process: A Conversation with Mortgage Advisor Justin Williams
Are you in the midst of navigating the complex world of home buying? Perhaps you’re curious about the loan process and eager to gain insights from a seasoned expert. Look no further than our latest podcast episode featuring Justin Williams, a Mortgage Advisor with Union Home Mortgage.
In this special episode, we dive deep into the crucial aspects of the loan process that every prospective homebuyer should know. From essential questions to ask to key considerations, Justin shares valuable perspectives and insider tips to demystify the loan journey.
Whether you’re a first-time homebuyer or seasoned in real estate transactions, this episode promises to equip you with the knowledge and confidence to navigate the loan process effectively. Don’t miss out on this valuable opportunity to unlock the secrets of securing a mortgage and making informed decisions for your home purchase.
Tune in to our podcast and join the conversation with Justin Williams to gain invaluable insights and empower your home buying journey. Your dream home awaits, and understanding the loan process is the key to unlocking its doors.
What sets this episode apart is the opportunity for you, our listeners, to directly engage with Justin. Do you have burning questions about mortgages, lending criteria, or financial considerations? Comment below and share your questions with us, and we’ll put Justin back in the hot seat to provide clarity and expert advice.
