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July Market Update:
A Look at the Trends Shaping Our Region
As summer rolls on, local real estate activity continues to reflect the season’s energy. With prices trending upward and homes moving quickly, it’s a good time to stay informed—whether you’re actively in the market or simply keeping tabs on what’s happening near you.
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 market breakdown of what happened recently across Dayton, Cincinnati, and Springfield!
Dayton
Dayton’s market saw strong momentum in June, with both sales volume and prices on the rise. A total of 1,538 closings were reported—up 5.2% from May. The average sale price climbed to $320,777, marking a 7.77% increase month-over-month. Homes also sold faster, with the average days on market dropping to 39, down from 45 in May.
Cincinnati
Cincinnati remained steady and competitive heading into midsummer. June brought 2,015 sales, a modest 0.9% increase over the prior month. The average sales price reached $385,729, up 3.52% from May’s figures. Properties in the Queen City continued to move swiftly, with the average market time falling to just 20 days.
Springfield
Springfield experienced a slight dip in total sales but still posted gains in pricing and efficiency. June saw 450 homes sold, a 2.81% decrease from May. However, the average sales price rose to $256,834, a 3.61% increase over the previous month. Homes spent 64 days on the market on average, down from 71—an encouraging sign for sellers.
