For the 37th consecutive month, single-family and condominium sales prices reported by Dayton REALTORS® Multiple Listing Service in November ticked up from the previous year. November’s activity generated a dollar volume of $208 million, an increase of over twelve percent versus last November. This translated to an average sale price of $165,754 and a median price of $138,500. These figures were up over eight percent and three percent, respectively, compared to November 2017.
The number of sales reported totaled 1,260, up three percent over sales that occurred during the same month in 2017.
Listing entries in November totaled 1,282, down from October’s 1,812. This is normal this time of year as fewer homes are put on the market as the holidays approach. This figure is up from November 2017 when 1,208 single-family and condominium listings were added to the system.
Year- to-date sales and sales volume also followed a similar pattern as the monthly sales. The 15,195 sales reported was up one percent compared to last year. A sales volume through November of $2.5 billion was a seven percent increase over 2017’s $2.3 billion. This generated an average sale price of $165,733 and a median sale price of $142,000, both of which were increases of six percent compared to 2017.
The overall MLS inventory at month’s end showed 4,146 active properties available for sale, which translated to a supply of 3.2 months based on November’s resale rate. Last year at the same time the inventory was lower at 3,653 available listings, producing a supply ratio of 2.9 months.
|NOVEMBER 2018 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$208,849,759||$186,464,350||12.01%|
|% Sale/List Price||97.90||97.80||0.10%|
|Median Sale Price||$138,500||$134,000||3.36%|
|Average Sales Price||$165,754||$152,965||8.36%|
|JAN-NOV 2018 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,518,319,409||$2,342,944,306||7.49%|
|% Sale/List Price||98.5||98.1||0.41%|
|Median Sale Price||$142,000||$134,000||5.97%|
|Average Sales Price||$165,733||$155,822||6.36%|