Single-family and condominium sales reported by Dayton Realtors’ Multiple Listing Service reached a sales volume of $257.8 million in October, increasing thirteen percent compared to the sales volume that occurred during the same month in 2018. In every major category, in fact, October posted stronger numbers than in 2018. The 1,445 sales for the month edged ahead of last year, the median price ($150,000) was five percent higher, and the average price ($178,412) posted an eight percent gain.
Year-to-date through October, there were 14,048 sales, up one percent compared to the same period in 2018 when 13,902 properties closed. Total dollar volume through ten months hit $2.4 billion, a seven percent increase from the same period last year.
The year-to-date average sale price and median sale price continued to rise as well. The average price totaled $177,081 while the median price came in at $152,900, gains of six percent and seven percent, respectively.
Single-family and condominium listing entries totaled 1,794 in October, down less than one percent from October 2018. This pushed the listings through the ten-month period to 18,151, down two percent over the same 2018 time period.
The overall MLS inventory at month’s end showed 3,406 active properties available for sale, which translated to a supply of two months based on October’s resale rate. The pace of sales was quicker than compared to October 2018 (a three-month pace of inventory) when 4,432 available listings were available.
|OCTOBER 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$257,805,736||$228,009,113||13.07%|
|% Sale/List Price||98.70||98.50||0.20%|
|Median Sale Price||$150,000||$142,500||5.26%|
|Average Sales Price||$178,412||$165,344||7.90%|
|JAN-OCT 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,487,636,851||$2,304,484,496||7.95%|
|% Sale/List Price||98.8||98.6||0.20%|
|Median Sale Price||$152,900||$142,550||7.26%|
|Average Sales Price||$177,081||$165,766||6.83%|