About Montgomery County, OH

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

Item number 3 in my last blog post mentioned appraisals. Thought this post might help to expand on this very important issue.

1. It's an objective opinion of value, but it's not an exact science so appraisals may differ.

2. For buying and selling purposes, appraisals are usually based on market value-what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.

3. Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.

4. Appraised value doesn't consider special considerations, like the need to sell rapidly.

5. Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.

Used with permission from Kim Daugherty, Real Estate Checklists and Systems (http://www.realestatechecklists.com).

Dayton Ohio Area Event on Saturday!

WHAT: The Great American Beer Tasting, Music, and Cornhole

WHERE: Dayton Dragons Fifth Third Field, 220 N. Patterson Blvd. Dayton, Ohio

WHEN: 2 to 6 p.m. Saturday, Aug. 8

Guests at the Great American Beer Tasting Dayton Ohio Area Event can try an assortment of over 60 beers, from Budweiser to Asian varieties. One $30 ticket includes 20 four-ounce samples, a souvenir sampling glass, and one raffle ticket. The band 24Seven will perform on the first base dugout, and cornhole games and a tennis ball toss will take place out in the field. Designated drivers need not miss out on all the event action: $5 tickets include four nonalcoholic samples, a souvenir sampling glass, one raffle ticket, and one entry in the tennis ball toss.

FREE parking is available around the stadium.

MORE INFO: http://web.minorleaguebaseball.com/community/page.jsp?ymd=20081208&content_id=485808&vkey=community_t459&fext=.jsp&sid=t459

About the Author...
This Dayton Ohio Area Event 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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Source: Dayton Area Board of Realtors

Home sales reported to the Dayton Area Board of REALTORS'® MLS for the month of May increased by 30 units over April's total to 853. Although still down by 22.6% in year-over year comparison with May of 2008, this activity marks the fifth straight month of increases in sales from the previous month.

The total dollar volume for the month reached $107.8 million, which translates into an average sale price of $126,462 and a median of $110,000, declines of 5.79% and 4.34%, respectively, compared to the same month a year ago. Though still down from last year, both the average and median have been steadily climbing since February of this year.

For the year-to-date, 3,712 single-family properties have sold, compared to 4,507 during the same period in 2008, a decline of 17.64%. This activity has generated an average sale price of $111,148, a drop-off of 10.8% compared to the average price of $124,710 through May of last year. The median sale price for the period this year is $90,000, compared to $107,000 last year, a 15.9% decline.

Single-family listings entered into the database during May reached 2,055, down 26.5% compared to the same period a year earlier. Year-to-date 9,590 listings have been added, compared to 12,527 through May in 2008, a decline of 23.4%.

The overall available MLS inventory, which has also risen slowly each month this year, stood at 8,922 at the end of May's reporting period. This represents a 10.4 month's supply of single-family listings based on May's pace of sales. This marks a slight decline from April's supply of 10.7 months, thanks to an increase in the sales pace. Last year at the same time, the inventory stood at 10,283 listings and the supply was at 9.33-months.

Statistics compiled by John Junker, MLS Data Specialist