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June Market Update:
A Look at the Trends Shaping Our Region
As we head into the heart of summer, the housing market across the Miami Valley is showing signs of steady momentum. Warmer weather often brings increased activity, and this May was no exception. From price shifts to faster turnarounds, the latest data offers valuable insights for buyers, sellers, and those simply watching the trends.
Whether you’re preparing to make a move or keeping tabs on market conditions, staying up to date can help you make more confident real estate decisions. Here’s a breakdown of what happened in May across Dayton, Cincinnati, and Springfield!
Dayton
The Dayton market continued its spring surge with both prices and sales volume on the rise. A total of 1,462 properties changed hands in May, up 9.51% from April. The average sale price climbed to $297,645, marking a 7.67% increase from the previous month. Homes also moved faster, averaging just 45 days on the market, a significant drop from April’s 64 days—showing increased demand and buyer urgency.
Cincinnati
In Cincinnati, activity picked up notably in May with 1,997 homes sold, a 13.53% rise from April. Home values also saw a healthy jump, with the average price reaching $372,619, up 6.26% month over month. Buyers acted quickly, too—properties spent an average of only 23 days on the market, down slightly from April’s 25 days, reinforcing the competitive nature of the area’s current housing climate.
Springfield
Springfield also experienced an uptick in market activity, logging 463 sales in May—an increase of 15.46% compared to April. While sales volume grew, the average sale price dipped to $247,884, down 2.93% from the previous month. Homes lingered a bit longer on the market, with an average of 71 days, just a day more than in April. Despite the small price decline, buyer interest remains solid.
