Sales of single-family homes and condominiums reported in May by Dayton REALTORS® totaled 1,476, a fourteen percent increase from the 1,285 sales reported in May 2020. The rise in sales continued despite the tight inventory reaching a record low for the month of May (0.5 month supply).
May’s median sales price came in at $195,000, beating last year’s figure by sixteen percent. The average price of $227,683 also leaped over last year’s number by twenty percent. Sales volume generated by May’s activity totaled $336 million, a huge thirty-eight percent jump over last May.
For the first five months of 2021, there were 6,204 sales reported, an eight percent increase from 2020 when 5,743 transactions occurred over the same period.
Sales volume exceeded $1.3 billion so far in 2021, a twenty-five percent rise from 2020. The average sales price year-to-date stood at $210,049 and represented a fifteen percent jump over 2020’s year-to-date numbers. The median sales price also grew, from $157,000 in 2020 to $178,000 through May 2021, a thirteen percent increase.
There were 1,792 new listings added in May, up three percent from last year’s 1,740, while year-to-date listings tallied 7,426, a two percent decrease from the 7,583 submitted through May of last year.
As mentioned previously, total inventory was very low, showing 788 properties available at month’s end, representing a supply of only 0.5 months based on May’s pace of sales.
|MAY 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$336,060,219||$242,781,843||38.42%|
|% Sale/List Price||100||99.3||0.70%|
|Median Sale Price||$195,000||$166,900||16.84%|
|Average Sales Price||$227,683||$188,935||20.51%|
|YTD JAN-MAY 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,303,142,463||$1,042,922,477||24.95%|
|% Sale/List Price||100||98.8||1.21%|
|Median Sale Price||$178,000||$157,000||13.38%|
|Average Sales Price||$210,049||$181,599||15.67%|