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May Market Update
A Look at the Trends Shaping Our Region
The warmer months are officially underway, and the greater Miami Valley real estate market is showing that familiar springtime momentum. From increased buyer activity to subtle pricing shifts, the trends across Dayton, Cincinnati, and Springfield give both buyers and sellers plenty to consider. Whether you’re preparing to make a move or simply staying informed, it’s the perfect time to tune into the numbers.
Dayton
Dayton’s market gained traction in April, with both home prices and sales volume seeing an uptick. A total of 1,335 closings were reported—up nearly 17% from March. The average sales price also saw a modest climb to $276,451, reflecting a 1% increase over the previous month. Homes in the area sold more quickly, spending an average of 64 days on the market compared to 73 in March.
Cincinnati
In Cincinnati, home sales picked up significantly in April, with 1,759 closings—a boost of over 18% from the month before. While sales volume rose, the average sales price dipped slightly to $350,669, down just under 1%. Homes continued to move quickly, with average days on market dropping to 25—eight days faster than in March.
Springfield
Springfield also experienced a strong April, with 401 closings marking a 20% increase over the previous month. The average home price rose to $255,363, an improvement of more than 4% from March’s figure. On the timing side, properties sold more quickly this month—averaging 70 days on the market, down 11 days compared to March.
With the spring market in full swing, these shifts highlight continued opportunity across the region. Whether you’re just getting started or exploring your next move, understanding local trends can help you navigate the market with greater confidence.
