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September Market Update:
A Look at the Trends Shaping Our Region
As August came to a close, real estate activity across the Miami Valley showed a few signs of cooling, with prices easing in some areas and closings slowing slightly compared to midsummer. Even so, the market remains active, with homes continuing to attract buyers and sell at a steady pace.
For both buyers and sellers, these month-to-month changes offer valuable perspective on how the season is shaping up. Here’s a closer look at what happened in Dayton, Cincinnati, and Springfield during August.
Dayton
Sales of single-family and condominium units in Dayton for August saw a decrease in prices and decrease in average sales. 1469 sales were reported, a -4.17% decrease over the 1533 sales reported last month. August’s average sales price totaled $302,571 , falling short of last month’s figure of $305,084 , a decrease of 0.82% . The average days on market for properties in Dayton during August were 40 days, which represents a 2 day increase compared to 38 days in the last month.
Cincinnati
Sales of single-family and condominium units in Cincinnati for August saw a decrease in prices and decrease in average sales. 1836 sales were reported, a -4.92% decrease over the 1931 sales reported last month. August’s average sales price totaled $370,819 , falling short of last month’s figure of $391,998 , a decrease of 5.40% . The average days on market for properties in Cincinnati during August were 23 days, which represents a 3 day increase compared to 20 days in the last month.
Springfield
Sales of single-family and condominium units in Springfield for August saw a increase in prices and decrease in average sales. 437 sales were reported, a -14.98% decrease over the 514 sales reported last month. August’s average sales price totaled $261,195 , exceeding last month’s figure of $258,848 , a increase of 0.91% . The average days on market for properties in Springfield during August were 66 days, which represents a 2 day decrease compared to 68 days in the last month.
