You can't time the bottom...

You can pick a great house...

Here is the reality of the current Dayton Ohio Real Estate market.

• If you buy today there is a good chance it will be less a year from now.
• There is an incredible selection of Dayton homes for sale available now.
• Mortgage rates are still at all record lows.
• This is the best buyers market in decades.

So, if you are considering buying Dayton Real Estate this is a great time.  You may be tempted by the information above to try and wait till the "bottom" of the market.  Sounds like a good plan on the surface but what are the possible downfalls?

• It is very hard to time the "bottom" of the market and you just my miss it...
• It is even more likely that you will miss out on the right home for you...
• Even more likely... that mortgage rates in the Dayton Ohio Real Estate market will increase.
• With increased mortgage rates comes less buying power.
  • Follow this example.
    • You qualify today to purchase a $150,000 home at 6.25%
    • If mortgage rates increase to just 7% in the next year.
    • Then you would only qualify for about $138,000 home.
    • That is about an 8% drop in your buying power...
    • Dayton homes for sale may decrease in value 1-5% at most in the next year.
  • So, you are WAY ahead to buy Dayton real estate now rather than wait.

I know this is not what you may hear from your friend or on the news.  feel free to call and we can discuss this even more if you like.  Check out all the Dayton homes for sale here...

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

Foreclosure and Short Sale Homes a problem?

I don't know if you all saw the Dayton Daily News story today about the Dayton Ohio Real Estate foreclosure problems.  As we have discussed in the past they point out that Dayton Ohio has been hit very hard and in fact Montgomery County is second only to Cuyahoga co. for 2007.  The Mortgage Bankers Association found that Ohio was first in foreclosure inventory at the end of 2007.  Dayton Ohio is with out a doubt being hit very hard and has been for some time.  Lets look at some numbers for the greater Dayton area:

Dayton area Foreclosure Charts

Read more »

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

Springboro / Dayton Ohio Real Estate Update April 2008

Good to see you back again for our Springboro Ohio Real Estate update, part of our Dayton Ohio Real Estate total market overview.  As always this info is pulled from the Dayton Ohio MLS and will update the active homes for sale in Springboro Ohio real estate, Springboro Ohio homes that have sold, Springboro Ohio homes that failed to sell and Springboro homes that are pending sale.  We also offer this info. in a very exciting automatic system that will update you on all Springboro Ohio real estate activity periodically in the time frame you choose!  You can get all the instant information you need on any Dayton Ohio real estate market you wish in addition to Springboro at the click of a mouse.  Get your Springboro Ohio real estate Market Snapshot here. 

The market snapshot will give you Dayton Ohio real estate and Springboro specific market updates as often as you like.  Get the value of you home, what the house down the street sold for, or what the value may be for a home that is for sale...  Here is a sample of what you will get in your real estate market update.

Springboro Ohio real estate MLS activity for April 2008

Also read Springboro Ohio info

So... what does this mean to Springboro Ohio real estate?

Things may be picking up given that there are 45 homes pending sale while only 27 sold last month.  The not so good news is that homes are staying on the market for 142 days on average and there are 419 on the market.  Homes in Springboro actually take on average 15 days more than the greater Dayton Ohio real estate market in general.  Given the current sales rate that means there is a 15 1/2 month supply of homes for sale.  If you are thinking of selling your home then you can expect to sell on average for 95.85% of your asking price.  That is actually .11% more than the greater Dayton Ohio real estate market in general  That is if you use an average agent... get a Dayton Ohio real estate professional with a proven track record and cutting edge marketing tools can make all the difference in the world. 

So if you would like to talk about selling your home we are always here to answer any questions and give you the best professional advice for your specific real estate situation.  We will give you a realistic evaluation of the value of your home, present you with an aggressive marketing plan to reach your real estate goals and needs. 

Thinking of buying a home in Springboro or any Dayton Ohio real estate community?  This can be a great time to buy a home.  There are many homes for sale in the Dayton Ohio area and prices can be good.  So, you have many to pick from and can get a good deal... if you have a great agent working for you.  We have a team of real estate professionals ready to help you reach your home buying goals, aggressive negotiation, mortgage assistance, home inspection and negotiation of repairs, etc.  Give us a call so we can discuss your needs and learn your goals.  You can also search all homes for sale in the Dayton Ohio real estate market right now... click below.

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

Bellbrook Ohio Real Estate Update for April 2008

Welcome back to our Bellbrook Ohio Real estate update, part of our Dayton Ohio Real Estate total market overview.  As usual this info. is pulled from the Dayton MLS and give you the active Bellbrook Ohio real estate homes for sale, Bellbrook Ohio homes that sold, Bellbrook Ohio homes that failed to sell and Bellbrook Ohio homes listed as pending sale.  We also offer this information in a very exciting automatic system that will update you on all Bellbrook OH real estate activity periodically in the time frame you choose¦  You can see the Bellbrook Ohio real estate Market Snapshot here¦  The market snap shot will give you instant Bellbrook and Dayton Ohio real estate market updates anytime you like.  You can get the value of you home or a what a house sold for down the street.  Thinking of buying a home in Bellbrook or the  Dayton Ohio area?  Use this tool to determine what homes for sale should sell for.  Here is an example of what a Dayton Ohio real estate or Bellbrook Ohio update would look like, this is just PART of the what this tool offers¦

April 2008 Bellbrook Ohio Real Estate MLS activity

Also see Bellbrook Ohio info¦

Bellbrook Ohio Real Estate Data Explained¦

Well the news this month is not all good.  If you are selling a home in Bellbrook then the % of sale vs. asking price is likely to be less then the greater Dayton Ohio real estate market average by 1.12% and with the Bellbrook Ohio real estate average home sale price of $192.281 that works out to $2153 less than what other Dayton Ohio area real estate sellers are likely to receive.  Homes are selling and in a reasonable amount of time, 124 days on average and that is 3 days less then what other Dayton Ohio real estate sellers are seeing.  With only 9 Bellbrook Ohio homes for sale not selling last month there is a good change you will sell your home. 

As always, if you are looking to sell your home you should work with a real estate professional.  The truth is this is a tough market to sell a home, but working with a true professional can make a world of difference.  Please feel free to give us a call, we would love to talk with you and discuss your specific real estate needs.

Thinking of buying a home?  Now is a great time!  There are many homes to choose from and you are likely to get them for a good percent below asking price.  Check our our free ENHANCED home search tool below¦

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com