Dayton Area Home Sales for July 2018

Bob Jones Uncategorized

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
2018 2017 % Change
New Listings 2067 1934 6.88%
Solds 1612 1457 10.64%
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
2018 2017 % Change
New Listings 12936 13083 -1.12%
Solds 9444 9253 2.06%
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%