Sales of single-family and condominium units reported by Dayton REALTORS® in February saw a gain in price yet a drop in sales. 979 sales were reported to the Multiple Listing Service in February, a four percent decrease over the 1,020 single-family and condominium sales reported in February 2021.
February’s average sales price totaled $216,696, exceeding last year’s monthly figure by over eleven percent. Meanwhile, the median price also saw an increase, up over thirteen percent from last year to $180,800.
The sales in February produced a cumulative sales volume of $212 million, a jump of over seven percent from last year.
February’s showing also impacted the year-to-date sales numbers. The January-February average sales price was up ten percent from last year to $214,235, while the median price also jumped ten percent to $176,000. The cumulative sales price leaped ahead by nine percent to $432.5 million while the number of sales saw a one percent decrease to 2,019.
Tight inventory continued in the Dayton area contributing to the lower number of sales, but listings submitted in the month of February showed at least a hope for more homes on the market. Listings increased five percent to 1,114 entries. For the January-February period, 2,204 listings were entered, up just a few units from last year’s 2,190 listings.
The overall active MLS single-family and condominium inventory of available listings at the end of February stood at just 670 and represented less than one month’s supply of listings based on February’s resale rate.
|FEBRUARY 2022 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$212,145,097||$197,928,332||7.18%|
|% Sale/List Price||100||100||0.00%|
|Median Sale Price||$180,800||$159,900||13.07%|
|Average Sales Price||$216,696||$194,047||11.67%|
|JAN-FEB 2022 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$432,541,127||$396,689,451||9.04%|
|% Sale/List Price||100||99.9||0.10%|
|Median Sale Price||$176,000||$160,000||10.00%|
|Average Sales Price||$214,235||$193,507||10.71%|