Sales of single-family and condominium units reported by Dayton REALTORS® in July saw more gains in sales prices. Although down from June’s all-time high, both the average sales price and median sales price improved over last year.
July’s average sales price totaled $171,683, knocking last year’s figure out of the way by nine percent. The median price also fared well at $147,000, up seven percent from last year.
The 1,612 sales for July – up over ten percent – produced a cumulative sales volume of over $276.7 million, a huge increase of twenty percent over last year.
July’s showing also continued to improve the year-to-date numbers. The January-July average sales price increased nearly seven percent to $165,253, while the median price ticked up over five percent to $140,500. The cumulative sales price also jumped nine percent to $1.5 billion.
For the second month in a row, listings submitted in the month were on the rise, with 2,067 entries, a seven percent increase from July 2017’s 1,934. For the January-July period, 12,936 listings were entered, down from last year by just one percent.
The overall active MLS single-family and condominium inventory at the end of July stood at 4,294 and represented a 2.6 months’ supply of listings based on July’s resale rate.
|JULY 2018 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$276,752,628||$228,940,893||20.88%|
|% Sale/List Price||98.80||98.30||0.51%|
|Median Sale Price||$147,000||$136,900||7.38%|
|Average Sales Price||$171,683||$157,132||9.26%|
|JAN – JULY 2018 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,560,648,125||$1,432,851,217||8.92%|
|% Sale/List Price||98.6||98.1||0.51%|
|Median Sale Price||$140,500||$133,000||5.64%|
|Average Sales Price||$165,253||$154,853||6.72%|