SEPTEMBER HOME SALES 2024

As September 2024 unfolds, bringing cooler days and the promise of fall, the real estate markets across Dayton, Cincinnati, Springfield, and the surrounding areas continue to adapt to the season’s shift. This month, Coldwell Banker Heritage highlights the trends driving these markets as we transition into autumn. With a steady influx of new listings and heightened buyer interest, the real estate landscape remains resilient.

Building on the positive momentum from the summer, we are seeing familiar patterns resurface, offering fresh opportunities for homebuyers and investors alike. Across the greater Dayton area and beyond, the changing season is shaping the market, creating unique conditions for those looking to buy or sell a home. While each region experiences slight variations, the overall outlook remains positive as we head into the final months of the year.

Sales of single-family and condominium units in Dayton saw a rise in both prices and average sales. A total of 1,424 units were sold, reflecting a 10% increase over the 1,296 sales reported in July. The average sales price for August reached $289,706, an increase of 3% compared to last month’s average of $280,684. The average days on market for properties in Dayton increased slightly, reaching 61 days—3 days more than July’s 58 days.

Cincinnati experienced a slight decline in sales and average prices. A total of 1,856 units were sold, a 6% decrease compared to the 1,975 sales in July. The average sales price for August was $345,946, down 6% from July’s $367,240. The average days on market for Cincinnati properties increased to 17 days, a 3-day rise from last month’s 14 days.

Sales in Springfield also saw an increase in both prices and sales volume. A total of 444 units were sold, a 5% rise from the 424 reported in July. The average sales price in August was $240,465, a marginal increase from last month’s $239,947. Properties in Springfield spent an average of 66 days on the market, up 6 days from July’s 60 days.

As the seasons shift, so do market conditions, but Coldwell Banker Heritage remains steadfast in its commitment to keeping our clients informed and prepared. Whether you’re buying or selling, we provide the expertise, insights, and local knowledge to guide you confidently through the months ahead.