Single-family and condominium sales reported by Dayton REALTORS®’ Multiple Listing Service reached a sales volume of $340.1 million in October, increasing thirty-one percent compared to the sales volume that occurred during the same month in 2019. In every major category, in fact, October posted stronger numbers than in 2019. The 1,651 sales for the month leaped ahead of last year, the median price ($179,900) was twenty percent higher, and the average price ($206,007) posted a fifteen percent gain.
Year-to-date through October, there were 14,349 sales, up two percent compared to the same period in 2019 when 14,048 properties closed. Total dollar volume through ten months hit $2.8 billion, a thirteen 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 $196,415 while the median price came in at $169,900, each gains of around eleven percent.
Single-family and condominium listing entries totaled 1,806 in October, up less than one percent from October 2019. This pushed the listings through the ten-month period to 17,068, down almost six percent over the same 2019 time period.
The overall MLS inventory at month’s end showed 2,256 active properties available for sale, which translated to a supply of 1.3 months based on October’s resale rate. The pace of sales was quicker than compared to October 2019 (a 2.3-month pace of inventory) when 3,406 listings were available.
|OCTOBER 2020 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$340,117,884||$257,805,736||31.93%|
|% Sale/List Price||100.00||98.70||1.32%|
|Median Sale Price||$179,900||$150,000||19.93%|
|Average Sales Price||$206,007||$178,412||15.47%|
|JAN-OCT 2020 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,818,351,913||$2,487,636,851||13.29%|
|% Sale/List Price||100||98.8||1.21%|
|Median Sale Price||$169,900||$152,900||11.12%|
|Average Sales Price||$196,415||$177,081||10.92%|