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March Market Update
A Look at the Trends Shaping Our Region
As we move forward, the real estate markets in Dayton, Cincinnati, and Springfield continue to show seasonal adjustments. February brought rising home values and increased sales activity in each of these markets, signaling strong movement in the early months of the year. Understanding these trends can help buyers and sellers navigate the opportunities ahead.
DAYTON
The Dayton market saw an uptick in both home prices and total closings this month. February recorded 978 sales, marking a 23.17% increase from 794 sales in January. The average home price rose to $271,496, reflecting a 1.14% increase from last month’s $268,446. Properties in Dayton remained on the market for an average of 79 days, which is 1 day longer than January.
CINCINNATI
Cincinnati’s real estate market mirrored Dayton’s upward trend, with both home values and total sales increasing. February saw 1,195 closings, up 10.75% from January’s 1,079 sales. The average home price climbed to $339,912, a 1.63% increase from the previous month’s $334,475. Homes in Cincinnati spent an average of 62 days on the market, 27 days longer than January.
SPRINGFIELD
Springfield’s market activity picked up as well, with more sales and higher home values than the previous month. February recorded 328 sales, a 32.79% increase from 247 in January. The average home price rose to $228,963, a 3.85% increase over January’s $220,466. Meanwhile, the average days on market rose too at 84 days, up 5 days from last month.
As the market continues to shift, staying informed on these trends can help buyers and sellers make confident real estate decisions. If you’re planning a move or simply keeping an eye on the market, now is a great time to explore your options!
