1. In 2018 the number of sales of single-family homes and condominiums rose to 15,955 and an average sale price of $164,566, both higher than pre-recession peaks in Montgomery, Greene, Preble, Darke and northern Warren counties.
RELATED: 2018 Dayton home sales set new records
Credit: DaytonDailyNews
2. The current sellers’ market drives up prices because there are too few houses on the market for the number of potential buyers.
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3. New home construction declined dramatically during the recession and afterward. It has not recovered.
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4. Potential buyers are sometimes offering more than the asking price or agreeing to buy houses without inspections, according to real estate agents.
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5. Interest rates have remained low, fueling interest in buying homes.
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