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 $188,950, knocking last year’s figure out of the way by ten percent. The median price also fared well at $165,000, up twelve percent from last year.
The 1,668 sales for July – up over three percent – produced a cumulative sales volume of over $315 million, an increase of thirteen percent over last year.
July’s showing also continued to improve the year-to-date numbers. The January-July average sales price increased over six percent to $176,260, while the median price ticked up over seven percent to $150,500. The cumulative sales price also jumped seven percent to $1.66 billion.
For the second month in a row, listings submitted in the month declined, with 2,047 entries, a one percent drop from July 2018’s 1,612. For the January-July period, 12,586 listings were entered, down from last year by two percent.
The overall active MLS single-family and condominium inventory at the end of July stood at 3,746 and represented a 2.2 months’ supply of listings based on July’s resale rate.
|JULY 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$315,168,484||$276,752,628||13.88%|
|% Sale/List Price||99.70||98.80||0.91%|
|Median Sale Price||$165,000||$147,000||12.24%|
|Average Sales Price||$188,950||$171,683||10.06%|
|JAN – JULY 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,669,882,543||$1,560,648,125||7.00%|
|% Sale/List Price||98.7||98.6||0.10%|
|Median Sale Price||$150,500||$140,500||7.12%|
|Average Sales Price||$176,260||$165,253||6.66%|