Dayton Area Home Sales for April 2017

Single-family home and condominium sales posted the strongest April on record in the Miami Valley, according to the Dayton Area Board of REALTORS®. The 1,316 sales recorded continued the trend of a record-breaking year for real estate sales.

Sales volume generated by April’s activity totaled $206.8 million, a spike of over eight percent. This led to average and median prices also seeing a boost. The average sales price increased seven percent from last year to $157,161, while the median sales price recorded a two percent jump to $130,000.

The first four months of 2017 saw continued increases over the previous year in prices and in sales. Through April, sales reached 4,364, a 4.8 percent increase from 2016 when 4,161 transactions occurred over the same period.

Sales volume showed $647.2 million in sales transactions so far in 2017, an impressive fourteen percent change from 2016. The average sales price year-to date stood at $148,309 and represented an eight percent jump over 2016’s year-to-date numbers. The median sales price also grew, from $118,000 in 2016 to $127,600 through April 2017, an eight percent increase.

There were 1,970 new listings added in April, down seven percent from last year’s 2,120, while year-to-date listings tallied 6,769, a six percent decrease from the 7,218 submitted through April last year.

The overall MLS inventory of single-family and condominium listings showed 4,400 available at month’s end, which represented a supply of 3.3 months based on April’s pace of sales.