How did the 2022 Dayton OH real estate market finish out?

2022 was an interesting year real estate-wise. It started off at a fever pitch, interest rates doubled and things cooled.  

In 2022 the number of sold homes dropped by over 8 percent BUT total sales volume actually INCREASED slightly (.08) because the average sale price increased, pumping things up. Sale price increased by over 9 percent to just shy of $240,000.  

Inventory is the number of homes we have for sale expressed as the number of days it takes to sell those homes off.  In 2021 the Dayton area had under 30 days worth of Inventory - an incredibly swift market. Last year it increased to 1.3 month’s supply. Still a Seller’s Market just not as red hot as it used to be. Reach out with any real estate related questions that come to mind.