Dayton Area Home Sales for April 2020

Dayton Area Home Sales for April 2020

Bob Jones Home Sales, Press Release

What is usually the first big month of the spring and summer home buying season was significantly curtailed by the COVID-19 pandemic and the state’s stay-at-home orders. Single-family home and condominium sales in the Miami Valley dropped twenty-two percent April with 1,133 sales reported. This marks the lowest April home sales since 2014. Likewise, sales volume generated by April’s activity totaled $212 million, a seventeen percent decline from April 2019.

However, prices still continued their upward trend, with the average price improving six percent to $187,564 and the median price increasing eight percent to $163,000. These results are consistent with a recent National Association of Realtors survey which showed that 72 percent of Realtors reported no adjustments in home pricing as a result of the pandemic.

As a result of these April sales, the first four months of 2020 saw a decline, albeit minimal thus far. Through April, sales reached 4,431, only 42 units fewer than 2019’s year-to-date sales. Sales volume, however, continued its upward climb, coming in at $796.2 million so far in 2020, a nine percent change from 2019. The average sales price year-to-date stood at $179,691 and represented a ten percent jump over 2019’s year-to-date numbers. The median sales price also grew, from $139,000 in 2019 to $154,900 through April 2020, an eleven percent increase.

There were 1,372 new listings added in April, down almost thirty-three percent from last year, while year-to-date listings tallied 5,840, a 7.8 percent decrease from the 6,336 submitted through April last year.

The overall number of single-family homes and condominiums available in the MLS stood at 2,645 at month’s end, which represented a supply of 2.3 months based on April’s pace of sales.

 

         APRIL 2020 – MLS SINGLE-FAMILY & CONDO SALES
2020 2019 % Change
Listings 1372 2042 -32.81%
Solds 1133 1457 -22.24%
Total Sale Price $212,509,712 $257,162,074 -17.36%
% Sale/List Price 99.6 99.1 0.50%
Median Sale Price $163,000 $150,000 8.67%
Average Sales Price $187,564 $176,501 6.27%

 

    YTD JAN-APR  2020 – MLS SINGLE-FAMILY & CONDO SALES
2020 2019 % Change
Listings 5840 6336 -7.83%
Solds 4431 4473 -0.94%
Total Sale Price $796,208,924 $729,666,487 9.12%
% Sale/List Price 98.6 98.1 0.51%
Median Sale Price $154,900 $139,000 11.44%
Average Sales Price $179,691 $163,127 10.15%