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.
|FEBRUARY 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$146,682,119||$135,760,485||8.04%|
|% Sale/List Price||97.5||97.6||-0.10%|
|Median Sale Price||$138,000||$129,900||6.24%|
|Average Sales Price||$160,308||$153,923||4.15%|
|JAN-FEB 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$276,601,986||$259,371,850||6.64%|
|% Sale/List Price||97.3||97.5||-0.21%|
|Median Sale Price||$129,950||$126,450||2.77%|
|Average Sales Price||$152,819||$149,753||2.05%|