Average sale price climbed ever higher in June, and as has been the case for much of this year, new monthly records were set. The average sale price is the highest on record ever for the Dayton region.
Sales of single-family and condominium units reported by Dayton Realtors in June totaled 1,684, relatively flat from June 2017 sales. Meanwhile, the average price jumped to a record $183,876 and the median price hit a new high at $158,000, increases of 8.9 percent and 9.3 percent, respectively. The cumulative sales volume reached $309 million, up eight percent from June 2017.
June’s showing topped off a first half of 2018 which saw 7,796 sales transactions of single-family homes and condominiums, compared to 7,757 during the first half of 2017, a one-half percent increase.
A cumulative sales volume of $1.27 billion dollars (up almost seven percent) brought the average sale price up six percent to $164,018 and the median sale price up six percent to $140,000 for the six-month period.
Listings submitted in the month of June continued to reflect the tight inventory in the housing market, with 2,155 entries, a drop of just one percent from June 2017. For the January-June period, 10,870 listings were entered, a 2.5 percent decrease from the same period last year.
The overall active MLS single-family and condominium inventory at the end of June stood at 4,201, representing a 2.5 month supply of listings based on June’s resale rate.
|JUNE 2018 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$309,647,478||$285,222,709||8.56%|
|% Sale/List Price||99.30||98.40||0.91%|
|Median Sale Price||$158,000||$144,500||9.34%|
|Average Sales Price||$183,876||$168,771||8.95%|
|YTD JAN-JUNE 2018 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,278,682,510||$1,197,478,652||6.78%|
|% Sale/List Price||98.5||98.1||0.41%|
|Median Sale Price||$140,000||$132,000||6.06%|
|Average Sales Price||$164,018||$154,374||6.25%|