Single-family and condominium sales in the Dayton area saw a bump in activity in November, according to Dayton REALTORS®’ Multiple Listing Service. November’s activity generated a dollar volume of $331.5 million, an increase of eighteen percent versus last November. This translated to an average sale price of $224,639 and a median price of $190,000. These figures were up thirteen percent and eight percent, respectively, compared to November 2020.
The number of sales reported totaled 1,476, up five percent over sales that occurred during the same month in 2020.
Listing entries in November totaled 1,333, up one percent from last year. While that was good news for housing inventory in November, there is still a severe lack of available properties for sale. The overall MLS inventory at month’s end showed 1,267 active properties available for sale, which translated to a supply of less than a month (0.84 months) based on November’s resale rate. Last year at the same time the inventory was higher at 2,051 available listings, producing a supply ratio of 1.4 months.
Year-to-date sales showed 16,125 transactions reported, up two percent compared to last year. The sales volume through November of $3.5 billion was a fourteen percent increase over 2020’s $3.1 billion. This generated an average sale price of $219,363 and a median sale price of $185,000, increases of nine percent and eleven percent, respectively, compared to 2020.
|NOVEMBER 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$331,567,138||$279,562,150||18.60%|
|% Sale/List Price||100.00||100.00||0.00%|
|Median Sale Price||$190,000||$175,000||8.57%|
|Average Sales Price||$224,639||$198,977||12.90%|
|JAN-NOV 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$3,537,222,288||$3,104,416,420||13.94%|
|% Sale/List Price||100||100||0.00%|
|Median Sale Price||$185,000||$169,900||8.89%|
|Average Sales Price||$219,363||$196,644||11.55%|