Sales of single-family and condominium units reported by Dayton REALTORS® in August found most of the key figures in positive territory. The number of homes sold in the Miami Valley decreased just over three percent from 2018 posted figures, but the average sales price continued its upward trajectory and hit $178,464, a jump of four percent from the previous August. Likewise, the median price saw an increase to $155,000, up over three percent from last year.
The 1,595 sales for August produced a cumulative sales volume of over $284.6 million, a jump of one percent from last year.
August’s showing also continued to improve the year-to-date prices. The January-August average and median sales prices each increased six percent to $176,554 and $152,000, respectively. The cumulative sales price also leaped ahead by over six percent to $1.9 billion.
Sales lagged behind 2018, with the 11,099 sales falling a mere 18 units from last year’s figures. Tight inventory continued in the Dayton area as listings submitted in the month of August posted a decrease of seven percent from last year to 1,964 entries. For the January-August period, 14,552 listings were entered, down from last year’s 15,054 listings.
The overall active MLS single-family and condominium inventory of available listings at the end of August stood at 3,562 and represented a 2.2 months’ supply of listings based on August’s resale rate.
|AUGUST 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$284,650,861||$281,606,165||1.08%|
|% Sale/List Price||98.90||98.60||0.30%|
|Median Sale Price||$155,000||$150,000||3.33%|
|Average Sales Price||$178,464||$170,981||4.38%|
|JAN-AUG 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,959,571,932||$1,846,349,767||6.13%|
|% Sale/List Price||98.8||98.6||0.20%|
|Median Sale Price||$152,000||$142,500||6.67%|
|Average Sales Price||$176,554||$166,083||6.30%|