Around the Miami Valley
Thu April 5, 2012
DDN: Home Price Sales Rise
A report focusing on single-family home and condo sales indicates Dayton Home prices grew rapidly in the last four months. According to Clear Capital’s quarterly Home Data Index, local home prices rose by 6.3 percent. Only Phoenix Arizona saw a higher climb in home prices.
Today’s Dayton Daily News reports that other metro areas in Ohio, like Cincinnati and Middletown saw prices fall by as much as 1.3 percent. The News’ report indicates the Dayton housing market has possibly seen home prices increase at a faster rate partly because of the severity of initial housing downturn in the area.
Commenting for the report, Alex Villacorta, Clear Capital’s director of research and analytics said “Home prices in Dayton are down 40 percent from a peak in early 2005.”
Clear Capital is a California-based real estate assessment firm. They compiled sales figures for home sales from December through March. to sales during the prior three months.
Information from this report taken from Dayton Daily News.