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Dayton Housing Market Improves in December, Looks Strong in 2015

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December was a strong month for home sales in Dayton as the market picks up rolling into 2015.

The area saw 988 single-family and condominium homes sold, which is up 8 percent from December of the previous year, according to the Dayton Area Board of Realtors. The average and median home prices also grew 5.7 percent and 3.7 percent respectively.

Most of the months of 2014 saw a decrease in sales because of low inventory, but steady increases in sale prices. The uptick in December points to confidence coming back thanks to a year of rising home values, which allows more residents to put their homes on the market and search for bigger homes.

Wendi Sheets, CEO and team leader of Keller WIlliams Advantage Real Estate, said she is confident about the market in 2015.

"Before people were testing the market," she said. "They're able to get the price they want, and so more consumers will be putting their house on the market."

The average sale price in December was $135,039, and the median sale price was $112,057.

 

Original Article written by:  Olivia Barrow, Dayton Business Journal, January 23, 2015

Link to original Article:  http://www.bizjournals.com/dayton/news/2015/01/23/dayton-housing-market-improves-in-december-looks.html?iana=ind_rre