Sales of single-family and condominium units reported by Dayton REALTORS® in August found most of the key figures in positive territory. While the number of homes sold in the Miami Valley decreased from last year by five percent, the average sales price continued its upward trajectory and hit $224,602, a jump of ten percent from the previous August. Likewise, the median price saw an increase to $189,900, up over eight percent from last year.
The 1,609 sales for August produced a cumulative sales volume of over $361.3 million, a jump of almost four percent from last year.
August’s showing also continued to improve the year-to-date prices. The January-August average sales price increased thirteen percent to $218,169 while the median sales price increased eleven percent to $185,000. The cumulative sales price also leaped ahead by over seventeen percent to $2.4 billion.
Year-to-date sales stayed ahead of 2020, with the 11,334 sales increasing 3.7 percent over last year’s figures. Tight inventory continued in the Dayton area, but loosened just a bit as listings submitted in the month of August posted an increase of eight percent from last year to 2,040 entries. For the January-August period, 13,844 listings were entered, up from last year’s 13,360 listings.
The overall active MLS single-family and condominium inventory of available listings at the end of August stood at 1,401 and represented just under a one month’s supply of listings based on August’s resale rate.
|AUGUST 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$361,384,114||$348,114,929||3.81%|
|% Sale/List Price||100.00||100.00||0.00%|
|Median Sale Price||$189,900||$175,000||8.51%|
|Average Sales Price||$224,602||$203,934||10.13%|
|JAN-AUG 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,472,725,989||$2,105,719,680||17.43%|
|% Sale/List Price||100||99.6||0.40%|
|Median Sale Price||$185,000||$165,500||11.78%|
|Average Sales Price||$218,169||$192,743||13.19%|