About Montgomery County, OH

Congressman Michael R. Turner spoke publicly today with the Northeast-Midwest Institute about the impact of the national housing crisis in the Dayton, Ohio area.

"Over 6,000 foreclosures were reported across Ohio's Third Congressional District in 2008. This represents a three-fold increase from a decade ago. Each of these foreclosures symbolizes a family, a neighbor, or a friend who have lost their home. There's no question that mortgage foreclosures have played a major role in destabilizing the foundation of our economy," Turner said. "The influx of toxic mortgage loans and economic destabilization has led to increasing home foreclosures, home abandonment, and falling housing prices throughout the country. The Dayton area has been particularly negatively impacted by this crisis. It is my hope that this discussion will generate ideas for further federal policies to help address this issue."

Although the Dayton Ohio housing crisis and foreclosures have increased over the last decade, recent home sale prices have drastically increased over the past 3 months. The July Real Estate Market Report in Ohio for single family, residential homes in Montgomery, Greene, and Warren counties near Wright Patterson Air Force Base shows rock bottom is a thing of the past. In July 2009 versus June 2009, the average sale price/listing price remained at 95%. The Real Living Realty average is higher, netting more money for the sellers represented (98%). The average days on market in June 2009 was 132, which is 47 days slower than the Real Living Realty average days on market (85). It is a great time to buy an investment property in the Dayton Ohio area!

About the Author...
This Dayton Ohio Housing Crisis article was provided by Christina Asad Edwards, a Nationally recognized Realtor and Residential Relocation Specialist. Christina can be reached via email at Christina.Asad@RealLiving.com or by cell phone or text message at 937-205-4741. Christina has helped thousands of people move in and out of the Dayton Ohio area and other Southwest Ohio towns. For Ohio real estate and homes see Dayton Ohio Real Estate.

Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at the MLS Property Finder Site.

Servicing the following towns and counties in Southwest OH: Beavercreek, Bellbrook, Centerville, Dayton, Greene, Fairborn, Kettering, Miamisburg, Montgomery, Oakwood, Springboro, Warren, and West Carrollton OH.

Click here to view Christina Asad Edwards' Real Estate Profile

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In a 2006 study of home buyers and sellers conducted by the National Association of REALTORS® it was found that buyers rated neighborhood quality as the number one factor in purchasing a home. So what if your neighborhood lacks a little (or a lot) to be desired? Check out this quick list of ideas compiled by Trish a REALTOR® from Mississippi:

Cleaning Up the Neighborhood

Strike a Deal - If your neighbor's homes are dragging your listing down why not spring for a landscaper to give their yard a makeover? Why pay for a neighbors yard to be improved? So you can sell your home for top dollar!

Call the City or Chamber of Commerce - Ask them if they are any neighborhood clean up programs available. Many volunteer organizations pick an area each month to clean or improve. Why not your neighborhood?

Team Up - If there are other homeowners attempting to sell their homes in the neighborhood why not team up to tackle the problem? A combined effort over one weekend - picking up trash, cleaning out storm drains, or painting over graffiti could inspire others to follow your lead.

Eat local in Downtown Dayton, Ohio at the Second Street Market, located at 600 E. 2^nd Street near the Webster-Second Street intersection. What's summer without a stop at a local farm market? What's a better place than right in the heart of Dayton, Ohio where 40 merchants are selling goods? The market features apples to zucchini and everything in between. The market also offers fresh cut flowers for sale, meats, eggs, unique wines, chocolates, pastries, and home decor. The Downtown Dayton local market operates in an historic block-long former 1917 B&O railroad building. It was saved from demolition and renovated in 2001 in partnership with National City Bank. The market is open Thursday and Friday from 11am - 3pm and Saturday from 8am - 3pm.

About the Author...
This Dayton Ohio article was provided by Christina Asad Edwards, a Nationally recognized Realtor and Residential Relocation Specialist. Christina can be reached via email at Christina.Asad@RealLiving.com or by cell phone or text message at 937-205-4741. Christina has helped thousands of people move in and out of the Dayton Ohio area and other Southwest Ohio towns. For Ohio real estate and homes see Dayton Ohio Real Estate.

Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at the MLS Property Finder Site.

Servicing the following towns and counties in Southwest OH: Beavercreek, Bellbrook, Centerville, Dayton, Greene, Fairborn, Kettering, Miamisburg, Montgomery, Oakwood, Springboro, Warren, and West Carrollton OH.

Click here to view Christina Asad Edwards' Real Estate Profile

Bookmark this Blog and Share It!

Buy now - prices are increasing! The July Real Estate Market Report in Ohio for single family, residential homes in Montgomery, Greene, and Warren counties near Wright Patterson Air Force Base shows rock bottom is a thing of the past. In July 2009 versus June 2009, the average sale price/listing price remained at 95%. The Real Living Realty average is higher, netting more money for the sellers represented (98%). The average days on market in June 2009 was 132, which is 47 days slower than the Real Living Realty average days on market (85). It is a great time to buy an investment property in the Dayton area!

JUNE 2009

• Homes Sold - 806
• Average Bedrooms - 3
• Average Square Footage - 1,795
• Average Listing Price - $145,653
• Average Selling Price - $138,971 (95% sale price/listing price)
• Average Days on Market - 135
• Homes Sold Price Range $3,100 (Upper Riverdale) - $1,335,000 (Mason-King-Miami SD)

JULY 2009

• Homes Sold - 767
• Average Bedrooms - 3
• Average Square Footage - 1,842
• Average Listing Price - $153,893
• Average Selling Price - $145,802 (95% sale price/listing price)
• Average Days on Market - 132
• Homes Sold Price Range $3,250 (Westwood) - $1,200,000 (Mason-King-Miami SD)

For more information on the real estate market in the Dayton, Ohio area and buying or selling contact Christina today!

Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
Christina.Asad@RealLiving.com
www.DaytonOhioHouse.com
mobile or text 937-205-4741 office 937-573-0082
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation

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Source: Dayton Area Board of Realtors Website

Existing home sales in Dayton and surrounding areas showed signs of encouragement in June. Sales reached a total of 1,061, a big leap of 208 units - or 24% - over May's activity, and fell just 20 units shy of June 2008's total. This was the shallowest drop-off in year-over-year comparison since September of last year.

June's dollar volume accumulated a total of over $142.6 million, which produced an average sale price of $134,468, a high mark for this year, but still down 7.18% from June a year earlier. The median sale price came in at $116,000, a nearly identical decline of 7.20% in year-over-year comparison.

Single-family sales for the six-month period reached 4,841, which was a 13.72% drop-off compared to the 5,611 sales reported during the same time span in 2008. This figure was at 17.64% at the end of May, but June's showing helped to send the year-to-date figure in the right direction.

The dollar volume for the January-June period reached nearly $561.5 million. The year-to-date average sale price stands at $115,986 per single-family unit and the median sale price at $95,500. These figures represent declines of 9.98% and 13.36%, respectively, compared to their standing at the end of June 2008.

There were 2,180 single-family listings submitted in June, compared to 2,546 last June, a 14.37% decline. This brings the year's total to 11,758 single-family listings, compared to 15,061 last year at the same time, a decline of about 22%.

The overall MLS inventory at the mid-year point for 2009 stood at 8,920 available single-family listings, representing only an 8.4- months supply (compared to a 10.4- month's supply just a month earlier). Although the number of available listings was nearly identical May's figures, the accelerated pace of sales in June reduced the supply, potentially a good sign in terms of increasing home prices. Last year at the same time the supply stood at 9.7-months.

Statistics compiled by John Junker, MLS Data Specialist