(PRBuzz.com) May 23, 2012 -- We are so excited about this week's news we just had to let everyone know!
The Dayton Area Board of Realtors reports that there has been a double digit increase in the number of homes sold year over year, and that those homes have sold at an average sale price that more than 12 percent higher than last month.
To be more accurate, the DABR reports the average price of homes selling in the Miami Valley climbed 12.4 percent to more than $123,000 with the median price rising even higher by 25 percent to more than $106,000.
What does this mean to a buyer? Home buyers in the area need to know that this may be the BEST time ever to make your move. With average home values markedly increasing and the "cost of money" being so low with 30 year rates hovering just below 4 percent we believe this is the perfect storm for buyers.
What does this mean to a seller? "Sellers will find that their asking price is getting a serious look now" states Marti Newsome of the Newsome Team Realtors. Newsome continued to share that sellers will begin to see fewer and fewer home value calculations where discounting is the central issue. Another metric that is looked at by a Realtor® is the amount of available homes being sold in a particular area. This number has stabilized which means that the demand for homes is not being overshot by the supply.
Where to go? The Dayton MLS has a large listing of homes in the Miami Valley that can be utilized to shop for and research your next home. What is probably most important right now is the selection of an experienced and professional REALTOR® who is familiar with the particular area where you are searching (or selling) and can provide you with the right guidance and the best opportunities to sell/buy your home. Some individual Realtors® such as Marti Newsome and Newsome Team Realtors have their own websites that can be used to learn about buying/selling a home, find out current bank interest rates as well as research individual neighborhoods for homes that they are seeking.
The Newsome Team is located in downtown Tipp City, Ohio. They are an accomplished team of real estate consultants in key positions, offering sound advice concerning your real estate needs. Members of this energetic team are Marti & Red Newsome, David Besecker, Chris Newsome, and Amy Newsome. Newsome Team Realtors successfully guide buyers to homes that are compatible to their needs and financial resources. They negotiate on behalf of home buyers and are readily available to counsel, answer questions, and help you feel as relaxed as possible through the home buying process. Working closely with home inspectors ensures that all actions are in their best interest. The Newsome Team also works with sellers to bring an innovative marketing plan, which generates new excitement and new enthusiasm for your property. They have years of experience to maximize the sales potential of every home they represent.
A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.