Sales of single-family homes and condominiums, as reported by Dayton REALTORS®, started off the new year in positive territory. 1,027 transactions were reported to the Multiple Listing Service in January, just inching out last year’s 1,020 sales, an increase of less than one percent.
A cumulative sales volume of $217.5 million was a ten percent jump in a year-over-year comparison. The average sale price for January increased to $211,790, up over nine percent from last January, and a median sale price likewise improved, settling at $171,000, up over five percent from last year.
Entries of single-family homes and condominiums during the first month of 2022 decreased 3.8% percent compared to last year, with 1,090 new listings added in January. Combined with the already low supply of available listings, January’s pace of sales was less than one month.
|JANUARY 2022 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$217,508,530||$196,978,619||10.42%|
|% Sale/List Price||100||99.8||0.20%|
|Median Sale Price||$171,000||$162,500||5.23%|
|Average Sales Price||$211,790||$193,116||9.67%|