Sales of single-family homes and condominiums, as reported by Dayton REALTORS®, started off the new year in positive territory. 882 transactions were reported to the Multiple Listing Service in January, besting last January by five percent.
A cumulative sales volume of $128 million was a 4.7 percent jump in a year-over-year comparison. The prices reflected the demand in this tight-inventory market, with the average sale price for January landing at $145,146, down just 0.3 percent from last January, and a median sale price likewise dipped to $122,111, a decrease of one percent from last year.
Entries of single-family homes and condominiums during the first month of 2019 decreased one percent compared to last year. The total of active listings for sale in the MLS at month’s end stood at 3,211, down from the 3,408 active listings that were available last year at the same time. The supply of listings, based on January’s pace of sales, was 3.6 months. The pace was slightly more aggressive than the four month supply of listings during January 2018.
|JANUARY 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$128,018,659||$122,259,366||4.71%|
|% Sale/List Price||97.1||97.3||-0.21%|
|Median Sale Price||$122,111||$123,500||-1.12%|
|Average Sales Price||$145,146||$145,720||-0.39%|