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Our Dayton Area "Year End Figures"

The following information was just released through our Dayton Area Board of Realtors – many times I am asked, “how are we doing” – locally, times shifted – but they weren’t nearly as bad as all the National spotlights.  Read and see for yourself what the actual transactions in our area represent:

December’s numbers bring to a close a year of challenging home sales.  As Harry Vearn, 2009 president of the Dayton Area Board of Realtors stated, “The decline in home sales fell in lock-step with the tougher economic climate, but the good news continues to be the affordability and inventory of homes, along with historically low interest rates for mortgages.  If consumers are smart with their finances and are in the market to buy, it’s an unprecedented time to make the leap.  Yes, the market is tough, but right now the factors I just listed make real estate a very attractive option.”

The year ended without any real surprises in the MLS numbers.  As expected, price, volume, and sales were lower than in 2007.  Down nearly 16% from 2007, sales for 2008 totaled 11,037, while the number of listings submitted to the MLS came to 26,620 (a change of –9% from last year). (more…)