Brief 2008 Total Market Update for Dayton, Ohio

By
Real Estate Agent with Century 21 Elite Performance

Dayton Area 2008 Real Estate Update at a Glance

The numbers are in for 2008 and though they're not as dismal as the media would have you believe, they are not too good if you are trying to sell your home.  However, these number are great if you are in the market to buy OR if you're savvy enough to trade up with these great interest rates and low low prices on the upper eschelon homes.  Let's get to the nitty gritty:

In 2008 - the average home price fell 21% and the number of sales fell close to 16%, according to the Dayton Area Board of Realtors.

That's it in a nutshell, and that is for the entire Dayton market.  Each market varies so keep that in mind as you interpret those bottom line numbers. I will be posting updates for individual communities such as Springboro, Centerville, Kettering, and Beavercreek, and those numbers will be in greater detail in order to keep you up to date and highly informed. Either way, keep in mind that we're all going to make it through this and we'll all be leaner and hopefully not meaner. Bottom line is this is the time to buy.  Don't get caught behind a sudden spike in interest rates to curb inflation or to "stabilize" our economy. Remember, a lean mean Federal government and a fat happy local government equals better real estate values and appreciation.

Comments (0)