Latest news with #DaytonRealtors
Yahoo
23-05-2025
- Business
- Yahoo
‘A great place to live;' New study ranks Dayton among most affordable cities
Daytonians will tell you the Gem City is a great place to live, but now there's research to prove it. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] New Center 7's Nick Foley spoke with the president of Dayton Realtors about the affordability of living in Gem City in 2025. TRENDING STORIES: 18-year-old killed in shooting in Dayton neighborhood identified Ex-morgue manager at Harvard Medical School admits to trafficking stolen human remains One of the deadliest plants in North America spreading in Ohio Results from a new WalletHub study revealed that the Dayton real estate market is the 9th most affordable in the country for smaller cities. The study scored Dayton high in cost per square foot and the cost of homeowners' insurance. Dayton Realtors President Kelly McCormick said the number of construction projects and new inventory also helps make Dayton the affordable and healthy market it is. 'What do I think? I think Dayton is a great place to live,' McCormick said. McCormick said she's seen the market trends and Dayton is up. 'We came out of a very, very harsh winter here that I think slowed some of the home sales down. But I think you're going to find out by the end of this year, we've had a very, very good year in the Dayton region,' McCormick said. The average number of sold units in the region jumped last month and is on par with April of last year while the average sales price has jumped more than $12,000, as reported on News Center 7 at 6:00. This means the average value of each of these homes sold is worth more. Whether Dayton homeowners are looking to buy or sell, McCormick said Dayton offers opportunities for all. 'If you've got a month to find a house, and you need eight months to build a house, you're going to choose a home that's already listed, already on the market with a real estate company. So, that continues to make sellers have a very good market for their homes, and it continues to drive buyers toward those sellers,' McCormick said. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
25-03-2025
- Business
- Yahoo
Area real estate market drops, realtors believe it'll come back up in coming months
Sales in the Dayton real estate market dropped for a second straight month in February, but this may have a lot to do with a buyer's budget. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] According to data released by Dayton Realtors, sales last month decreased more than eight percent from the year before, and closed sales dropped nearly 20 percent. TRENDING STORIES: Father charged with murder of 13-year-old daughter in Toledo shot by SWAT officer in Columbus Ohio zoo takes action to protect animals from bird flu Ohio fugitive arrested for 29th time after police chase The good news is that the median sale price increase went up by over five percent to about $240,000. That's all with mortgage rates still hovering near seven percent. 'I think that interest rates is a big, big contributing factor. But more than that, it also shows various communities have - like one community, nothing will stay on the market, and the next community it's sitting there for a minute, but then it will switch on us,' Barbara Waddell, Dayton Realtors President-elect, said. Waddell said if you're in the market for a new home, your budget is the determining factor of what you'll see. Some houses priced on the higher end of the spectrum may remain on the market for weeks at a time, while others that are priced lower and in the range of the buyer are still hot commodities. She added that buyers are ultimately more concerned with where they want to be and not the available mortgage rate. 'We did have a season where rates were just phenomenal, but what else happened in that season? People were paying $50,000 to $100,000 over less because rates are so great,' she said. 'So in our market, things seem to balance ourselves. Right now, you don't have to pay $50,000, $30,000, or $100,000 over less, but you are going to be sitting on a seven percent interest rate.' Waddle said she thinks sales will pick up as they often do now that temperatures are getting warmer. Families typically want to make the move before the fall months and the beginning of the school year. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
24-03-2025
- Business
- Yahoo
President of Dayton Realtors dies
The president of Dayton Realtors has died. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Dayton Realtors announced that Pat Corle died Monday after a brief illness. TRENDING STORIES: Body of missing Ohio teen found; Father charged in disappearance Man jumps fence, swims in pond after crash in Englewood 2 arrested after nearly 150 grams of drugs found inside house Corle was sworn in as the organization's president in January. She was recognized as the Ohio Realtor of the Year in 2024. In a social media post announcing her death, the organization wrote that she was dedicated to the association. 'In keeping with that spirit, she modeled her presidency around 'The Golden Rule,' respecting the diverse opinions of all the members,' the post read. The organization said they would share more details as they gather more information. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
