Single-family and condominium sales reported by Dayton REALTORS® Multiple Listing Service reached a sales volume of $258 million in September, a sixteen percent increase compared with sales that occurred during the same month in 2018. The number of sales was also up, rising seven percent with 1,425 transactions. As has been the case nearly all year long, the prices also continued their climb. The average sales price reached $181,317 and the median price increased eleven percent to $162,000.
Sales year-to-date through September reached 12,561, relatively flat compared to the same period in 2018 when 12,495 properties closed. Total dollar volume through nine months hit $2.2 billion, a seven percent increase from the same period last year.
The year-to-date average sale price and median sale price posted respectable gains as well. The average price totaled $176,939 (a six percent increase) while the median price came in at $153,500 (a seven percent increase).
Single-family and condominium listing entries totaled 1,787 in September, up seven percent over September 2018. Listings through the nine-month period totaled 16,344, down two percent over the same 2018 time period.
The overall MLS inventory at month’s end showed 3,451 active properties available for sale, which translated to a supply of 2.4 months based on September’s resale rate. Last year at the same time the inventory was higher at 4,412 available listings, equaling a supply ratio of 3.3 months.
|SEPTEMBER 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$258,376,767||$222,225,022||16.27%|
|% Sale/List Price||98.70||98.50||0.20%|
|Median Sale Price||$162,000||$145,000||11.72%|
|Average Sales Price||$181,317||$167,717||8.11%|
|JAN-SEP 2019 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,222,527,849||$2,075,833,595||7.07%|
|% Sale/List Price||98.8||98.6||0.20%|
|Median Sale Price||$153,500||$142,900||7.42%|
|Average Sales Price||$176,939||$166,133||6.50%|