Dayton Area Home Sales for June 2009
Existing home sales in Dayton and surrounding areas showed signs of encouragement in June. Sales reached a total of 1,061, a big leap of 208 units - or 24% - over May’s activity, and fell just 20 units shy of June 2008’s total. This was the shallowest drop-off in year-over–year comparison since September of last year.
June’s dollar volume accumulated a total of over $142.6 million, which produced an average sale price of $134,468, a high mark for this year, but still down 7.18% from June a year earlier. The median sale price came in at $116,000, a nearly identical decline of 7.20% in year-over-year comparison.
Single-family sales for the six-month period reached 4,841, which was a 13.72% drop-off compared to the 5,611 sales reported during the same time span in 2008. This figure was at 17.64% at the end of May, but June’s showing helped to send the year-to-date figure in the right direction.
The dollar volume for the January-June period reached nearly $561.5 million. The year-to-date average sale price stands at $115,986 per single-family unit and the median sale price at $95,500. These figures represent declines of 9.98% and 13.36%, respectively, compared to their standing at the end of June 2008.
There were 2,180 single-family listings submitted in June, compared to 2,546 last June, a 14.37% decline. This brings the year’s total to 11,758 single-family listings, compared to 15,061 last year at the same time, a decline of about 22%.
The overall MLS inventory at the mid-year point for 2009 stood at 8,920 available single-family listings, representing only an 8.4- months supply (compared to a 10.4- month’s supply just a month earlier). Although the number of available listings was nearly identical May’s figures, the accelerated pace of sales in June reduced the supply, potentially a good sign in terms of increasing home prices. Last year at the same time the supply stood at 9.7-months.
JUNE 2009 - MLS SINGLE-FAMILY SALES SUMMARY |
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2009 |
2008 |
% Change |
|
|
|
|
Single-Family Listings |
2180 |
2546 |
-14.37% |
|
|
|
|
Solds |
1061 |
1081 |
-1.85% |
Total List Price |
$149,637,049 |
$163,283,083 |
-8.35% |
Total Sale Price |
$142,670,050 |
$156,610,887 |
-8.90% |
% Sale/List Price |
95.34 |
95.91 |
-0.59% |
Median Sales Price |
$116,000 |
$125,000 |
-7.20% |
Average Sales Price |
$134,468 |
$144,876 |
-7.18% |
Statistics compiled by John Junker, MLS Data Specialist