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August Market Update:
A Look at the Trends Shaping Our Region
As July wrapped up, real estate across the Miami Valley showed a mix of seasonal shifts and solid activity. Prices remained strong in most areas, and while some markets saw slight slowdowns in sales, overall conditions remain favorable for both buyers and sellers.
Whether you’re just browsing or preparing for your next move, these monthly insights offer a helpful glimpse into the latest market trends. Here’s a look at how Dayton, Cincinnati, and Springfield performed in July.
Dayton
Dayton’s housing market held relatively steady in July. A total of 1,533 homes closed, just under June’s total by 0.33%. The average sale price was $305,084, reflecting a 4.89% dip from the previous month. On a brighter note, homes continued to move quickly, with the average days on market dropping to 38.
Cincinnati
Cincinnati continued to see positive price movement in July, even as total sales eased slightly. There were 1,931 closings, a 4.17% decrease from June. However, the average sales price rose to $391,998, up 1.63%. Properties stayed on the market for an average of just 20 days, making it one of the fastest-moving markets in the region.
Springfield
Springfield’s market picked up the pace in July. A total of 514 homes sold, an increase of 14.22% compared to June. The average sale price climbed slightly to $258,848, up 0.78%. Homes spent an average of 68 days on the market, 4 days longer than the month prior.
As summer winds down, it’s clear the market remains dynamic and full of opportunity. Whether you’re looking to make a move or simply stay informed, checking in each month helps you stay a step ahead.
