Dayton Area Home Sales for February 2019

Sales of single-family and condominium units reported by Dayton REALTORS® in February saw gains in both sales and prices. 915 sales were reported to the Multiple Listing Service in February, a 3.74 percent increase over the 882 single-family and condominium sales reported in February 2018.

February’s average sales price totaled $160,308, exceeding last year’s monthly figure by four percent. Meanwhile, the median price also saw an increase, up over six percent from last year to $138,000.

The sales in February produced a cumulative sales volume of $146.6 million, a jump of eight percent from last year.

February’s showing also improved the year-to-date sales numbers. The January-February average sales price was up two percent from last year to $152,819, while the median price increased to $129,950. The cumulative sales price leaped ahead by six percent to $276.6 million while the number of sales saw a 4.5 percent increase to 1,810.

Tight inventory continued in the Dayton area as listings submitted in the month of February decreased over seven percent to 1,340 entries. For the January-February period, 2,581 listings were entered, down 4.5 percent from last year’s 2,705 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of February stood at 3,212 and represented a 3.5 month supply of listings based on February’s resale rate.