Home sales in the Dayton area continued their upward trajectory in June, with both the median and average prices reaching highest-ever status for the third consecutive month.
Sales of single-family and condominium units reported by Dayton REALTORS® in June totaled 1,731, an increase of six percent from June 2020 sales. Meanwhile, the average price jumped to a record $236,140 and the median price hit a new high at $205,000, both increases of almost fifteen percent. The cumulative sales volume reached $408.7 million, up twenty-two percent from June 2020.
June’s showing capped off the first half of 2021 which saw 7,964 sales transactions of single-family homes and condominiums, compared to 7,378 during the first half of 2020, up eight percent from last year.
A cumulative sales volume of $1.7 billion dollars – up a whopping twenty-four percent – brought the average sale price up fifteen percent to $187,003 and the median sale price up fourteen percent to $160,800 for the six-month period.
Listings submitted in the month of June showed some promise for more inventory hitting the housing market, with 2,207 entries, an increase of seventeen percent as compared to June 2020. This is the first time since July of last year that more than 2,000 listings were entered in the Multiple Listing Service. For the January-June period, 9,637 listings were entered, a 1.75 percent increase from the same period last year.
The overall active MLS single-family and condominium inventory at the end of June stood at 999, representing just a 0.5 month supply of listings based on June’s resale rate.
|JUNE 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$408,759,125||$334,301,525||22.27%|
|% Sale/List Price||100.00||100.00||0.00%|
|Median Sale Price||$205,000||$178,500||14.85%|
|Average Sales Price||$236,140||$205,851||14.71%|
|YTD JAN-JUNE 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,716,486,488||$1,379,708,002||24.41%|
|% Sale/List Price||100||99||1.01%|
|Median Sale Price||$183,225||$160,800||13.95%|
|Average Sales Price||$215,531||$187,003||15.26%|