Across Ohio, home sales jumped 5.4 percent, with an average home price of $198,351, a 7.9 percent increase from last year, according to a statement from Ohio Realtors.
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“Activity levels in September were robust, with buyers taking advantage of favorable interest rates and positive economic conditions,” said Ohio Realtors president Anjanette Frye. “Equally important, the market posted a continued, steady rise in the average sale price, an indication that buyers understand that housing is a solid, long-term investment.”
About $258 million was spent on area homes collectively that month, an increase of 16 percent from the previous year, according to the Dayton Realtors statement.
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So far this year, 12,561 homes have been sold, about the same as the healthy year in 2018. But the dollar volume of sales through the first nine months increased 7 percent to $2.2 billion, the release said.
Current inventory includes about 2.4 months of resales based on September’s rate, according to the release. Last year there were nearly 1,000 more homes up for sale in September than this year, representing 3.3 months.
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