Dayton Housing Stats Aug 2023

If you’ve been keeping an eye on the Dayton housing market this update is not going to be anything new. The low inventory trend continues with closings being down 14.31 percent from this time last year. Average sale price is up nearly 6%. Why? The higher rates have knocked some buyers out of the market.  

But that’s only part of the problem. A lot of sellers want to sell but fear they won’t be able to find a replacement home.  These are the two main factors affecting the low inventory. With low inventory comes higher prices, thus the higher average sale price. Being a long time Dayton OH Realtor I’ve seen these swings before in my 30 year career. The market is always changing. If you’d like to learn more just reach out and I’ll share what I know.