Dayton Area Home Sales for December and Year End 2009
December 2009
The streak of monthly year-over-year increases in home sales continued in December as the numbers stayed in positive territory for the sixth straight month. The 726 transactions reported to the Dayton Area Board of REALTORS® MLS was 6 units, or 0.83%, more than last December’s 720 sales. The pace of sales slowed somewhat, but that is typical during the holidays. However, it was still a gain, and over the last half of the year overall sales bested 2008’s totals by 9%.
Despite just six more sales than last December, the sales volume for the month reached $87.4 million, compared to $74.3 million last year, an increase of 17.52%. This translates into a very healthy average sale price of $120,372, an increase of 16.5% over last December’s $103,278 average per single-family unit. This December’s median sale price was up by 18.9% to $96,000, compared to $80,750 last year. The percentage sale/list price was also up 1.5%.
Listings submitted in December totaled 1,246, down 9% from 1,369 during the same period last year. Listing totals in monthly year-over-year comparison were down in all but 2 months during 2009. December’s listing total was the lowest of 2009, also typical for the holiday season.
The overall single-family MLS inventory at year’s end stood at 7,611 available properties, and represented a 10.5-months supply. At year’s end 2008 these numbers stood at 8,491 available listings and an 11.7 months supply.
2009 Figures
The first half of 2009 was a continuation of the slowdown in single-family sales affecting our area and entire country. Beginning in July, however, we saw our first year-over-year sales increase since April of 2007. This began a run of six consecutive months of sales and price increases, peaking with a 42.8% year-over-year increase in sales for November and average price increases of 16% for November and December.
This strong second half helped to curb the overall declines in sales for all of 2009 compared to 2008. We finished with 10,680 single-family sales, just 3.2% fewer than the 11,037 reported in 2008. Overall sales volume reached $1.31 billion, down 4.8%, and the average sale price finished very strong at $123,273 for the year, a modest 1.6% depreciation from 2008’s $125,348. This compares to a decline in 2008 of 6.98%. The median price finished at $105,000, down just 2.8%.
A total of 21,978 single-family listings were submitted during 2009, a decline of 17.4% compared to 26,620 in 2008. Overall MLS single-family inventory began the year at 8,491 listings, peaked at 8,922 in May, and finished the year at 7,611.
DECEMBER 2009 - MLS SINGLE-FAMILY SALES SUMMARY |
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| 2009 | 2008 | % Change | |
| Single-Family Listings | 1246 | 1369 | -8.98% |
| Solds | 726 | 720 | 0.83% |
| Total List Price | $92,041,356 | $79,479,912 | 15.80% |
| Total Sale Price | $87,390,238 | $74,359,982 | 17.52% |
| % Sale/List Price | 94.95 | 93.56 | 1.49% |
| Median Sales Price | $96,000 | $80,750 | 18.89% |
| Average Sales Price | $120,372 | $103,278 | 16.55% |
YEAR END 2009 - MLS SINGLE-FAMILY SALES SUMMARY |
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| 2009 | 2008 | % Change | |
| Single-Family Listings | 21978 | 26620 | -17.44% |
| Solds | 10680 | 11037 | -3.23% |
| Total List Price | $1,389,608,304 | $1,451,457,188 | -4.26% |
| Total Sale Price | $1,316,551,714 | $1,383,461,972 | -4.84% |
| % Sale/List Price | 94.74 | 95.32 | -0.61% |
| Median Sales Price | $105,000 | $108,000 | -2.78% |
| Average Sales Price | $123,273 | $125,348 | -1.66% |
Statistics compiled by John Junker, MLS Data Specialist