Dayton Area Home Sales for July 2010
After a very strong first half of 2010, July posted the first declines of the year compared to the same month in 2009. It’s not all negative news however, as the year-to-date figures still show Dayton area home sales in much better shape than in recent years.
A total of 777 single-family properties changed hands in July, compared to 1,048 in 2009, a decline of 26%. These sales generated $99.5 million in volume and an average sale price of $128,075, down 8.38% from last July’s $139,786.
The median sales price came in at $107,100, compared to $115,000 during the same period in 2009, a decline of 6.8%. The percentage of sale/list price remains up .06%.
“As an industry, we are not overly concerned about the decline in sales for July. This was due to happen at some point and is not an unusual occurrence. Real estate is cyclical and has its ups and downs,” stated Deb McCuiston, president of the Dayton Area Board of REALTORS®.
The year-to-date figures show a 7.7% increase for single-family sales compared to 2009. 6,262 transactions have taken place this year compared to 5,889 through July 2009. Sales volume is also up from $708 million last year to $782.5 million this year. Average sale price is up almost 4%, from $120,221 in 2009 to $124,965 this year. Median price is up 9%, from $99,000 to $108,950.
Single-family listings submitted in July did increase to 2,199 listings, topping last July’s by 9.3%. Year-to-date listings now total 14,831 compared to 13,769 in 2009, up 7.7%.
The overall number of single-family homes available for sale at the end of this reporting period stood at 9,224, only slightly higher than June’s 9,101. The supply ratio for July stood at 11.8 months, three months longer than the supply ratio in July 2009.
“Our 2010 market has rebounded considerably from 2009 year to date,” McCuiston remarked. “Interest rates are at record lows and there is a large inventory of homes from which to choose. The list price of the majority of homes reflects the current market conditions, which translates into excellent values for home buyers. This too shall change so don’t miss this window of opportunity.”
JULY 2010 - MLS SINGLE-FAMILY SALES SUMMARY |
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| 2010 | 2009 | % Change | |
| Single-Family Listings | 2199 | 2011 | 9.35% |
| Solds | 777 | 1048 | -25.86% |
| Total List Price | $105,190,318 | $154,951,216 | -32.11% |
| Total Sale Price | $99,514,456 | $146,495,726 | -32.07% |
| % Sale/List Price | 94.6 | 94.54 | 0.06% |
| Median Sales Price | $107,100 | $115,000 | -6.87% |
| Average Sales Price | $128,075 | $139,786 | -8.38% |
Statistics compiled by John Junker, MLS Data Specialist