Here's how Dayton home sales are faring
The Miami Valley housing market is not doing well.
Miami Valley's housing market is still underwhelming. Dayton Realtors' latest report confirms this.
In March, 1,135 condos and homes were sold, a 11% decrease from the previous year.
Dayton home sales have fallen 15% since 2022.
The housing market is important to the health of a country's economy.
While sales were down last month, the average price of a home was $247,000, an increase of 7% from March last year. The median price of $205,000 was up 8%.
Inventory shortages are a problem for the market both locally and nationwide. In the last month, approximately 1,400 new homes were added to the market. This is a decrease of 17% compared to March 2022.
Currently, there are just over 1,000 houses available in Dayton, representing a supply that is 0.8 months.