Dayton Area 2007 Year End Real Estate Summary
The local Dayton area real estate market was effected by national trends with a downturn in sales activity in 2007, but not to the extent that many area markets around the country experienced. This applies especially in the area of local home values.The average sales price for a single family home in the area for 2007 showed less than 1% depreciation from the average sale price for a single family home in 2006. $134,763 compared to $136,008.The total number of single family home sold in 2007 was less than 10% fewer than the number of single family homes sold in 2006. 2007 was the forth best year ever in terms of overall sales activity in the Dayton area market.
This shows remarkable stability in the greater Dayton area. Many areas around the country are experiencing double digit declines in both home values and homes sold. If you are thinking about selling your current home and buying a new one, you may get a little less for your house, but you will be able to purchase a property for less.