It is “official” as the Dayton Area Board of Realtors has released the End of March / First Quarter Numbers, Spring Selling has Sprung!
“Single-family residential transactions in March rose 88 units, or 11.2% over February’s total…the 869 sales reported resulted in over $110 million in transactions. Compared to a year earlier, March’s figure represented a decline of 203 units, consistent with the recent lull in the market.
The average sale price per single-family unit is still holding remarkably steady. For March the average came in at $126,790, just 3% below the comparable figure of $130,741 a year earlier.
Year-to-date through the first quarter, 2,364 single-family properties have been reported as sold…the average sale price of $120,419 is just a 3.9% decline compared to last year, a far less significant decline than in many parts of the country…listings added to the MLS in March totaled 2,142, a large drop-off of over 26% compared to the 2,911 figure from last March. This follows increases in listings in both January and February. This drop-off in listings has contributed to a decline in the overall available MLS inventory. A decline in the supply of homes could have a positive upward affect on average sale prices, if the trend continues.”
Our local home values are holding steady. If you are looking for a home to purchase – it is a good time with interest rates still at an all time low rate and many choices in home and features available. If you are looking to sell – the key is in your PRICE and being Priced Right. Allow me to work with you in finding the best property for your money / needs and to market your home to gain the most exposure and best price.