The Dayton Area Real Estate This Week: A Snapshot for Buyers and Sellers

Hello from The Cornerstone Home Group, brokered by eXp Realty! If you’re curious about the current state of the Dayton Area real estate market, here’s a concise update to help you navigate your buying or selling journey confidently.

Market Overview The overall market in Dayton is showing strong activity with a total of 1,723 active listings and 2,125 pending sales. This gives us a pending ratio of 123%, indicating more homes are going under contract than are currently available, a sign of a competitive market favoring sellers. The average list price for active homes is around $342,433, while pending homes average slightly lower at $311,688.

Price Segments Insights

• Entry-Level (Under $200k): This segment remains vibrant with a pending ratio of 119%, and homes here typically spend about 60 days on the market. The average sale price hovers near $136,663, making it a solid option for first-time buyers or investors.
• Mid-Range ($200k-$500k): This is the busiest segment, with a pending ratio of 139%, showing strong buyer demand. Homes sell relatively quickly, averaging 54 days on market, with average sold prices around $306,088.
• Luxury Market ($500k+): The luxury segment has a lower pending ratio of 87%, indicating a more balanced market. Homes here stay on the market longer, averaging 89 days, with average sold prices near $674,287.

Inventory and Sales Trends The overall months supply of inventory is low at about 1.5 months, reinforcing the seller's market environment. Closed sales over the past six months averaged 1,126 per month, with homes selling close to their list prices (around 95.8% of original list price). This trend continues into the last three months, showing consistent demand.

Advice for Sellers With high pending ratios and low inventory, now is a great time to list your home. Pricing competitively and preparing your home to show well can attract multiple offers quickly. Homes in the $200k-$500k range are especially hot, so if your property falls here, expect strong interest.

Advice for Buyers Buyers should be prepared for a competitive market, especially in entry-level and mid-range segments. Getting pre-approved and acting swiftly on new listings will improve your chances. Consider working closely with a knowledgeable agent like Beth Brown Ciul from The Cornerstone Home Group to navigate bidding wars and negotiate effectively.

In Summary Dayton’s real estate market remains dynamic and favors sellers, but opportunities exist for savvy buyers. Whether you’re looking to buy or sell, understanding these trends can help you make informed decisions and achieve your real estate goals.

For personalized advice or to discuss your specific needs, feel free to reach out to Beth at bethc@cornerstonehomesoh.com or call 513-850-4797. The Cornerstone Home Group is here to guide you every step of the way.

Stay tuned for more updates and market insights!

Best, The Cornerstone Home Group, brokered by eXp Realty