As has been the case for most of the year, 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 $213 million, an increase of two percent versus last November. This translated to an average sale price of $180,881 and a median price of $155,000. These figures were up over nine percent and twelve percent, respectively, compared to November 2018.
The number of sales reported totaled 1,181, down six percent over sales that occurred during the same month in 2018.
Listing entries in November totaled 1,235, down thirty percent from last month. This decrease is normal this time of year as fewer homes are put on the market as the holidays approach.
Year- to-date sales showed 15,265 transactions reported, relatively flat compared to last year. A sales volume through November of $2.7 billion was a seven percent increase over 2018’s $2.5 billion. This generated an average sale price of $177,296 and a median sale price of $153,000, both of which were increases of seven percent compared to 2018.
The overall MLS inventory at month’s end showed 3,406 active properties available for sale, which translated to a supply of 2.3 months based on November’s resale rate. Last year at the same time the inventory was higher at 4,432 available listings, producing a supply ratio of 3.2 months.
|NOVEMBER 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$213,619,991||$208,849,759||2.28%|
|% Sale/List Price||98.30||97.90||0.41%|
|Median Sale Price||$155,000||$138,500||11.91%|
|Average Sales Price||$180,881||$165,754||9.13%|
|JAN-NOV 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,706,425,382||$2,518,319,409||7.47%|
|% Sale/List Price||98.7||98.5||0.20%|
|Median Sale Price||$153,000||$142,000||7.75%|
|Average Sales Price||$177,296||$165,733||6.98%|