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.