Been looking for a home, but can’t find one you love? Found a home you love but it sold to someone else before you wrote an offer? Last year you saw tons of homes you liked and they were on the market for a long time, but now that you are ready to buy, the market has changed? You are not imagining things. Dayton has posted the most sales for June since 2007, just before the economic downturn began. First half 2013 sales stats are up at the Dayton Area Board of Realtors (DABR), here are some highlights from the report:
- June’s transactions produced a cumulative sales volume of over $183.8 million, which translated to an average sale price of $142,288, 9.27% higher than last June’s $130,211, and represented the highest monthly sales price since June of 2008. The median sales price was $124,000, a 10.2% increase compared to June 2012.
- June’s robust showing topped off an excellent first half of 2013, which saw 6,290 sales transactions of single-family homes and condominiums take place, compared to 5,412 during the first half of 2012, a 16.2% increase.
- A cumulative sales volume of over $783 million brought the average sale price to $124,497 and the median sale price to $105,500 for the six-month period. These were increases of 4% and 7%, respectively.
- This was the third straight month of increases in listing entries compared to 2012, as activity for both listings and sales seemed to be picking up steam.
Every market has its unique opportunities. 2011-2012 were great years for investors, this market is good for move-up buyers. First- time buyers are finally making their move and those sellers in move-up markets who have been just waiting for the market to return are finally putting their homes up for sale, add in that interest rates are still low, and you’ve got a nice opportunity to sell your home for a great price and also buy while interest rates are low.