Home sales in the area rebounded after the posted declines in April and May as a result of COVID-19. The solds, volume, and median price increased, and for the first time in the Dayton region’s history, the average sale price climbed over $200,000.
Sales of single-family and condominium units reported by Dayton REALTORS® in June totaled 1,624, an increase of six percent from June 2019 sales. Meanwhile, the average price jumped to a record $205,851 and the median price hit a new high at $178,500, both increases of five percent. The cumulative sales volume reached $334 million, up almost twelve percent from June 2019.
June’s showing topped off a first half of 2020 which saw 7378 sales transactions of single-family homes and condominiums, compared to 7,776 during the first half of 2019, down five percent from last year.
A cumulative sales volume of $1.3 billion dollars (up two percent) brought the average sale price up almost eight percent to $187,003 and the median sale price also up eight percent to $160,800 for the six-month period.
Listings submitted in the month of June continued to reflect the tight inventory in the housing market, with 1,886 entries, a drop of 7.5 percent from June 2019. For the January-June period, 9,471 listings were entered, a 9.75 percent decrease from the same period last year.
|JUNE 2020 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$334,301,525||$298,618,817||11.95%|
|% Sale/List Price||100.00||99.70||0.30%|
|Median Sale Price||$178,500||$170,000||5.00%|
|Average Sales Price||$205,851||$195,303||5.40%|
|YTD JAN-JUNE 2020 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,379,708,002||$1,348,494,690||2.31%|
|% Sale/List Price||99||98.6||0.41%|
|Median Sale Price||$160,800||$149,000||7.92%|
|Average Sales Price||$187,003||$173,418||7.83%|