February 2020 Home Sales for Dayton area

Dayton Area Home Sales for February 2020

Bob Jones Home Sales, Press Release

Sales of single-family and condominium units reported by Dayton REALTORS® in February saw gains in both sales and prices. 1,002 sales were reported to the Multiple Listing Service in February, a 9.5 percent increase over the 915 single-family and condominium sales reported in February 2019.

February’s average sales price totaled $175,085, exceeding last year’s monthly figure by nine percent. Meanwhile, the median price also saw an increase, up over eight percent from last year to $149,250.

The sales in February produced a cumulative sales volume of $175.4 million, a jump of almost twenty percent from last year.

February’s showing also improved the year-to-date sales numbers. The January-February average sales price was up twelve percent from last year to $172,389, while the median price increased to $145,000. The cumulative sales price leaped ahead by twenty percent to $334 million while the number of sales saw a seven percent increase to 1,938.

Tight inventory continued in the Dayton area, but listings submitted in the month of February were still able to rise above last year’s figures, increasing over six percent to 1,429 entries. For the January-February period, 2,794 listings were entered, up eight percent from last year’s 2,581 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of February stood at 2,950 and represented a three month supply of listings based on February’s resale rate.

          FEBRUARY 2020 – MLS SINGLE-FAMILY & CONDO SALES
2020 2019 % Change
New Listings 1429 1340 6.64%
Solds 1002 915 9.51%
Total Sale Price $175,434,750 $146,682,119 19.60%
% Sale/List Price 98.2 97.5 0.72%
Median Sale Price $149,250 $138,000 8.15%
Average Sales Price $175,085 $160,308 9.22%

 

          JAN-FEB 2020 – MLS SINGLE-FAMILY & CONDO SALES
2020 2019 % Change
New Listings 2794 2581 8.25%
Solds 1938 1810 7.07%
Total Sale Price $334,089,446 $276,601,986 20.78%
% Sale/List Price 98.1 97.3 0.82%
Median Sale Price $145,000 $129,950 11.58%
Average Sales Price $172,389 $152,819 12.81%