Sales of single-family homes and condominiums reported in May by Dayton REALTORS® totaled 1,720, a seven percent increase from the 1,595 sales reported in May 2018. The rise in sales continued despite the tight inventory reaching a record low for the month of May (1.9 month supply).
May’s median sales price came in at $155,950, beating last year’s figure by eight percent. The average price of $181,258 also leaped over last year’s number by six percent. Sales volume generated by May’s activity totaled $311.7 million, a huge fourteen percent jump over last May.
For the first five months of 2019, there were 6,212 sales reported, a two percent increase from 2018 when 6,087 transactions occurred over the same period.
Sales volume topped one billion in sales so far in 2019, an eight percent rise from 2018. The average sales price year-to-date stood at $168,020 and represented a six percent jump over 2018’s year-to-date numbers. The median sales price also grew, from $135,000 in 2018 to $143,450 through May 2019, a six percent increase.
There were 2,106 new listings added in May, down two percent from last year’s 2,149, while year-to-date listings tallied 8,449, a three percent decrease from the 8,710 submitted through May of last year.
As mentioned previously, total inventory was very low, showing 3,356 properties available at month’s end, representing a supply of only 1.9 months based on May’s pace of sales.
|MAY 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$311,763,470||$272,842,039||14.27%|
|% Sale/List Price||99.2||99.1||0.10%|
|Median Sale Price||$155,950||$145,000||7.55%|
|Average Sales Price||$181,258||$171,061||5.96%|
|YTD JAN-MAY 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,043,742,673||$965,223,185||8.13%|
|% Sale/List Price||98.4||98.3||0.10%|
|Median Sale Price||$143,450||$135,000||6.26%|
|Average Sales Price||$168,020||$158,571||5.96%|