Sales of single-family and condominium units reported by the Dayton Area Board of REALTORS® in August saw all the key figures – except number of solds – in positive territory. The number of homes sold in the Miami Valley dipped less than one percent (just twelve units) from 2016 posted figures.
August’s average sales price totaled $162,235, a jump of almost eleven percent from the previous August. Likewise, the median price saw just an increase to $139,200, up over eleven percent from last year.
The 1,606 sales for August produced a cumulative sales volume of over $260.5 million, a jump of over ten percent from last year.
August’s showing also continued to improve the year-to-date numbers. The January-August average sales price increased six percent to $155,782, while the median price ticked up 5.5 percent to $134,000. The cumulative sales price also leaped ahead by almost eight percent to $1.69 billion.
Tight inventory continued in the Dayton area, yet for the second month in row, listings submitted in the month of August posted an increase, jumping over seven percent from last year to 2,053 entries. For the January-August period, 15,146 listings were entered, down from last year’s 15,374 listings.
The overall active MLS single-family and condominium inventory of available listings at the end of August stood at 4,842 and represented a three months’ supply of listings based on August’s resale rate.
|AUGUST 2017 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$260,548,765||$236,650,202||10.10%|
|% Sale/List Price||98.30||97.90||0.41%|
|Median Sale Price||$139,200||$125,000||11.36%|
|Average Sales Price||$162,235||$146,261||10.92%|
|JAN-AUG 2017 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,699,577,954||$1,574,682,921||7.93%|
|% Sale/List Price||98.2||97.7||0.51%|
|Median Sale Price||$134,000||$126,900||5.59%|
|Average Sales Price||$155,782||$147,015||5.96%|