Dayton Real Estate Housing Stats Nov. 2024
As we Realtors always say, ‘All real estate is local’. So, if you live in the Dayton area - those are the stats that are important to you. The Dayton real estate market experienced a slight slowdown in November, according to data from Dayton REALTORS®’ Multiple Listing Service. Single-family homes and condos saw a decrease in sales activity compared to the same time last year, though property values continued to rise. November Highlights: Sales Activity: A total of 1,103 properties were sold, representing a 7% decline compared to November 2023. Dollar Volume: November generated $306 million in sales, a 4% decrease from last year’s $319 million. Average Sale Price: The average sale price climbed to $277,410, a 3% increase. Median Sale Price: The median price jumped to $249,900, an 8% rise from November 2023. Listings: New listings totaled 1,200, down 8% from last year. While November saw a dip in sales activity, the continued rise in average and median sale prices reflects the strength of the Dayton market. The combination of steady demand and limited inventory supports pricing growth, making it a favorable environment for sellers. Buyers, however, should remain vigilant and act quickly given the competitive conditions. If you need further information on your neighborhood and how it stacked up to the Dayton area in general, just reach out!
HERS Energy Index Explained: Boost Your Home's Energy Efficiency
Dayton OH is not known for really extreme swings in temperature from season to season but it gets cold and hot enough here that an efficient house can save you significantly on energy bills. This is where a HERS test can provide valuable energy efficiency info. It stands for Home Energy Rating System and it is a nationally accepted standard used to measure the efficiency of a house. It is based upon a scale where a score of 100 is the baseline reference point of a home built to code in 2006. If you score a 90 then your home is 10% MORE efficient than the standard. If you score a 115 your home is 15 percent LESS efficient than the rating standard. You are using 15% more energy and some work could save a lot of money in the long run. A well built modern home is likely to have a HERS score in the 60s range. This home will feel more comfortable and consistent than the ‘standard’ home and the bonus is you’ll save money on utilities at the same time! Having a HERS test done involves two primary tests. One is a smoke test to see if the ductwork is leaking. A fog machine is often enlisted to provide visual results from this as well as taking airflow measurements. A blower door test is used to determine how much air infiltration the shell of the home may have. A lot of newer homes in the Dayton OH area tend to fall in the 65-85 range. When we sell a home in Dayton this is not a typical test to perform during inspections but you can do it anytime to see where your home measures up. A typical test may run between 400 and 1000 dollars.
Slab Jacking: The Quickest Way to Correct Uneven Concrete
Do you have a sidewalk, patio or driveway that has settled or tilted and no longer even? Before you have it torn out and repoured, consider a solution that is less than half the cost. Slabjacking or lifting the concrete panel back into its original position is the quickest, cheapest, least messy way to handle it. The fix: One or more holes are drilled into the concrete. A grout-like material is pumped in the hole forcing the pad to ‘float’. Once the original position is reached the hole/holes are filled with a concrete mix and the grout will dry and it’s done! It’s that quick and simple. I’ve had many home sales ‘saved’ with this method. Feel free to reach out if you need further explanation or a referral for a contractor of this kind of work. It’s important to know why your patio settled? I commonly see this when showing and selling homes in the Dayton, Ohio area. It’s typically one of two things: The soil underneath was not properly compacted during construction. It’s really difficult to get the excavated soil around a construction site packed back down to the density it was before it was disturbed. Over multiple rains and freeze/thaw cycles it compacts tight again and shrinks taking the concrete slab with it. This kind of settling might start to show up at about the 5 yr mark after construction. Improper drainage or ponding around a concrete pad will compact the soil as well.
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