Dayton, Ohio Sees Spike in Home Sales
Home sales are taking off in Dayton, Ohio which according to reports, has increased both the number of homes sold and the median sale price. The market looked to be in full swing as early as February 2018.
"The median price for February was up over 2% year-over-year to $129,900, and the sales volume climbed 11% since last year to $135.7 million, according to data from the Dayton Area Board of Realtors, which represents Montgomery, Greene, Warren, Darke, and Preble counties," according to National Mortgage News.
"The number of existing homes that sold was also up 3% compared to February 2017, with 882 sales reported on the multiple listing service."
Overall the report revealed that home sales across the nation are up 3% from February. Sales in Dayton increased 7.7% cumulatively.
"While the overall home market continues to heat up, there are also disparities," according to NMN.
"The Dayton Daily News previously reported the Dayton area is one of 61 metros in the U.S. where minorities are denied mortgage loans at higher rates than their white counterparts — a modern-day system of redlining that keeps minority neighborhoods from recovery."
To find out more about Dayton's spike in home sales and disparities that still remain despite them, click on the image above.