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January Market Update
A Look at the Trends Shaping Our Region
As we step into 2025, the real estate markets in Dayton, Cincinnati, and Springfield reflect the seasonal shifts that often come with the start of a new year. December brought a mix of changes, from fluctuations in home values to adjustments in the number of closings and days on the market. These trends highlight the evolving landscape and continued opportunities for buyers and sellers across the region.
Whether you’re planning your next move or simply staying informed, understanding the latest market dynamics can help you make the most of the opportunities this year has to offer.
Dayton
Sales of single-family and condominium units in Dayton for December showed decreases in both average prices and total closings. A total of 1,278 sales were reported, reflecting a 3% decline from the 1,311 sales in November. The average sales price for December was $275,284, a 2% decrease from $279,851 last month. Properties in Dayton spent an average of 67 days on the market, an increase of 3 days compared to November’s 64 days.
Cincinnati
Cincinnati’s real estate market in December saw a significant increase in average home prices but a decline in total sales. There were 1,460 sales reported, an 7% drop from 1,577 in November. The average sales price dropped to $342,981, a minimal decrease from $344,444 last month. Properties in Cincinnati spent an average of 27 days on the market, a slight increase of 3 days compared to November’s 24 days.
Springfield
Springfield experienced declines in both average home values and total closings during December. A total of 388 sales were reported, reflecting an 11% drop compared to 438 in November. The average sales price for December was $245,189, a 3% decrease from $252,031 last month. However, properties in Springfield spent less time on the market, with an average of 65 days compared to 72 days in November, a notable improvement of 7 days.
As we begin 2025, the real estate markets in Dayton, Cincinnati, and Springfield demonstrate the ongoing adaptability of buyers and sellers alike. Staying informed on these regional trends will be key to navigating the market confidently and successfully in the months ahead.
