Single-family and condominium sales reported by Dayton REALTORS®’ Multiple Listing Service reached a sales volume of $358 million in September, an impressive $100 million more than the sales volume that was reported during the same month in 2019. The number of sales was also up, rising nineteen percent with 1,705 transactions. As has been the case all year long, the prices also continued their climb. The average sales price increased sixteen percent to $210,555 and the median price increased ten percent to $179,000.
Sales year-to-date through September reached 12,662, relatively flat compared to the same period in 2019 when 12,561 properties closed. Total dollar volume through nine months hit $2.47 billion, an eleven 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 $195,169 (a ten percent increase) while the median price came in at $167,950 (a nine percent increase).
Single-family and condominium listing entries totaled 1,899 in September, up six percent over September 2019. Listings through the nine-month period totaled 15,261, down 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 September’s resale rate. Last year at the same time the inventory was higher at 3,451 available listings, equaling a supply ratio of 2.4 months.
|SEPTEMBER 2020 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$358,996,607||$258,376,767||38.94%|
|% Sale/List Price||100.00||98.70||1.32%|
|Median Sale Price||$179,000||$162,000||10.49%|
|Average Sales Price||$210,555||$181,317||16.13%|
|JAN-SEP 2020 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,471,234,447||$2,222,527,849||11.19%|
|% Sale/List Price||100||98.8||1.21%|
|Median Sale Price||$167,950||$153,500||9.41%|
|Average Sales Price||$195,169||$176,939||10.30%|