The lack of available homes for sale impacted the figures in March, as the number sold decreased slightly from last year. Sales of single-family and condominiums reported in March by Dayton Realtors totaled 1,255, the highest monthly sales so far this year, but down five percent from March 2020.
Due to the low supply and high demand, prices continued their rise. Sales volume generated by March’s activity totaled $257 million, a five percent increase over March 2020. This led to an average sale price of $204,779, up ten percent from last year, and a median sale price of $175,000, up almost nine percent from last year.
The first three months of 2021 saw increases over the previous year in prices and sales. Through March, sales reached 3,328, a one percent rise from 2020 when 3,282 transactions occurred over the same period. Sales volume showed $656.7 million in sales transactions so far, a jump of over thirteen percent from 2020. The average sale price year-to date stood at $197,354 and represented an eleven percent increase over 2020’s year-to-date numbers. The median sale price also grew, from $151,500 in 2020 to $165,300 through March 2021, a nine percent increase.
There were 1,679 new listings added in March, up from last year’s 1,668, and year-to-date listings saw 3,870 listings, a decrease of thirteen percent from the figures submitted through March of last year.
The overall MLS inventory of single-family and condominium listings showed 846 available at month’s end, which represented a supply of 0.6 months based on March’s pace of sales.
|MARCH 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$256,998,168||$244,062,634||5.30%|
|% Sale/List Price||100||99||1.01%|
|Median Sale Price||$175,000||$161,000||8.70%|
|Average Sales Price||$204,779||$184,756||10.84%|
|YTD JAN-MAR 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$656,793,875||$581,129,170||13.02%|
|% Sale/List Price||100||98.4||1.63%|
|Median Sale Price||$165,300||$151,500||9.11%|
|Average Sales Price||$197,354||$177,066||11.46%|