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Home Prices Soar But Sales Stall | Dayton News
Home prices hit record highs—$446,000 median, up 50% in six years—but surprisingly, few homeowners are selling. Despite a slight sales dip from May and a tight 4.6-month inventory, the market’s showing signs of life with year-over-year gains. Buyers are held back by inflation and soaring mortgage rates, while sellers cling to their locked-in low rates. Prices are still climbing modestly at 1.8% annually, building equity for homeowners—but affordability remains a major hurdle for buyers. The Northeast faces especially tight inventory, while other regions see annual gains despite monthly dips…
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