Early June estimates released Thursday showed 1,039 single-family homes and condominiums sold in Montgomery, Greene and Preble counties and parts of Warren and Miami counties, according to Dayton Area Board of Realtors. A year ago last month, 1,058 units sold.
Even though numbers sold dropped year-over-year for the second time in the past year, sales prices stayed up. The average sales price last month was $130,200, up almost 5 percent from an average sales price of $124,375 June of last year. The median sales price in June was $112,500, an increase of more than 10 percent from a year ago median price of $101,900, according to the Dayton realtors group.
It’s a good sign sale prices are still increasing, said Anjanette Frye, Dayton realtors board president and vice president of RCF Properties Inc. Sales dipped likely because school let out in June, and Frye said she would expect to see units sold pick up again this month before school starts again.
“We’re seeing the valuation on homes coming back,” Frye said. “Everybody’s reporting that they’re very busy and the market’s still strong and interest rates are still very, very low.”
More than 400 existing houses were sold last month in the seven-county region of Auglaize, Champaign, Clark, Logan, Mercer, Miami and Shelby counties, up 18.5 percent from sales of 346 units the year before. The average sales price of approximately $112,100 was better than the average almost $111,000 sales price the same time in 2011.
Clark and Champaign county real estate agent Charlene Roberge said she’s sold more houses so far this year than she has for several years. But business has slowed down in recent weeks.
“It’s actually been a fantastic year for buyers with the interest rates low,” Roberge said, an agent with Roediger Realty Inc. of Springfield. “Unfortunately it hasn’t been fantastic for sellers. The foreclosures is what’s bringing the prices down.”
Teachers Patrick and Katie Rizer, both 25, live in apartments in Miamisburg. They were looking Wednesday for starter houses in Kettering.
“We just got married in April and we think it’s the most opportune time to buy in terms of interest fees and housing availability and housing prices,” the Rizers said.
A weekly survey conducted by Freddie Mac, a buyer of mortgage securities, said Thursday the average interest rate in the U.S. for a fixed 30-year mortgage dropped over the week before to 3.53 percent. The same week a year ago, it was 4.52 percent.
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