Dayton Ohio Homes Stats Oct 24 vs Oct 23
How did real estate sales shape up in Dayton, Ohio in October? Single-family and condominium sales reported by Dayton REALTORS®’ Multiple Listing Service reached a sales volume of $347.7 million in October, an increase of 5% compared to the sales volume that occurred during the same month in 2023. Also increased in October were the average and median prices.The median price of $245,000 was 4% higher than last year and the average price of $278,667 posted an almost 5% gain over last October. The number of sales remained flat, with the 1,248 sales for the month besting October 2023’s number by 4 transactions. Year-to-date through October, there were 12,248 sales, up 6.8% compared to the same period in 2023 when 11,460 properties closed. The year-to-date average sale price and median sale price continued to rise as they have all year long. The average price totaled $278,447 – up over 9% – while the median price came in at $239,900, a gain of 6.6%. Single-family and condominium listing entries totaled 1,573 in October, down just 1% from October 2023. The overall MLS inventory at month’s end showed 2,169 active properties available for sale, which translated to a supply of 1.7 months based on October’s resale rate. The pace of sales was fairly even from last October, when a 1.8 month supply (2,241 listings) was available. If you’d like to see the stats for your home and neighborhood, just reach out!
Sewer Line Backflow Peventer
What is a backflow preventer? As a Realtor helping people buy and sell homes in the Dayton area, I’ve seen my fair share of unexpected surprises in homes, and one issue that often takes homeowners off guard is sewer backflow. This is when the sewer system reverses flow and comes back into the plumbing of the home. There’s a device that can stop this, and it’s not very expensive. $25.00 to $50.00. It’s called a backflow preventer. What types are there? There are 2 basic types. A gate valve and a float. They both are simplistic devices. The gate valve is nothing more than a one way flapper door. The door lets water flow out, but shuts when water tries to reverse flow like what happens when the sewer backs up. The gate style is for new construction to be installed in the floor prior to pouring the concrete. Float style uses a ball that allows water to pass as it goes down the drain and in the event of a backup at the street, the ball ‘floats’ upward and blocks the flow of water from making it to the interior of the home. This one is easier to install in an existing home. Remove your current floor drain cover and fit it inside the drain. Do all homes have them? Older homes generally won’t have these devices but they are great insurance. If you are in a new or newer home you may have noticed what looks like a 4 inch plastic disk on the floor, flush with the concrete floor. Hmmm, wonder what that is? That’s the maintenance cover to the valve so you check and maintain it. Whether you’re buying a new home or safeguarding your current one, understanding how a sewer backflow preventer works could save you from one of the messiest (and most expensive) plumbing problems you’ll ever face.
Damaged Sewer Pipe? Reline It!
Maybe you’ve heard of repairing a sewer line with a ‘sewer sleeve’ or a ‘sewer liner’ or ‘trenchless line repair’. They refer to the same thing. Let’s say your Realtor recommended a sewer scope inspection for an older home you wrote an offer on. The inspection showed a broken clay tile. The traditional fix is to bring in a backhoe, dig a massive hole in the yard to replace the tile. There is an easier way. Think of the sleeve as a kind of long firehose being pulled through the line. It’s made of a felt-like material infused with resin. Once it’s in the line, air pressure is used to blow it up like a balloon tight against the walls of the sewer pipe. The resin dries to be rock hard and now the pipe is relined without digging! It’s very thin so the diameter of the pipe is not compromised. It’s seamless and smooth so it will actually flow better than the original. The entire sewer line can be relined or spot repairs are possible. They last from 20 to 50 years. The system seals out roots that so commonly penetrate between the clay liners. It also repairs leaks that can ultimately eat away at the supporting ground and cause a ‘belly’ in the line that results in sewer backups. As a local Dayton area Realtor I’ve run across many issues like this in older homes and this can be the less expensive fix in many cases. Reach out if I can be of assistance.
Categories
Recent Posts