Sales of single-family and condominium units reported by the Dayton Area Board of REALTORS® in July saw more gains in sales prices. Although down from June’s all-time high, both the average sales price and median sales price improved over last year.
July’s average sales price totaled $157,132, just edging past last year’s figure by 0.10 percent. The median price also fared well at $136,900, up 3.71 percent from last year.
The 1,457 sales for July – down 2.5 percent as inventory remains tight – produced a cumulative sales volume of over $228.9 million, a decrease of 2 percent over last year.
July’s showing also continued to improve the year-to-date numbers. The January-July average sales price increased five percent to $154,853, while the median price ticked up almost five percent to $133,000. The cumulative sales price also jumped 7.7 percent to $1.4 billion.
Listings submitted in the month of July still reflected a fairly tight inventory in the housing market, with 1,934 entries, a one percent increase from July 2016’s 1,901. For the January-July period, 13,083 listings were entered, down from last year’s 13,457 listings.
The overall active MLS single-family and condominium inventory at the end of July stood at 4,800 and represented a three months’ supply of listings based on July’s resale rate.
|JULY 2017 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$228,940,893||$234,667,160||-2.44%|
|% Sale/List Price||98.30||97.90||0.41%|
|Median Sale Price||$136,900||$132,000||3.71%|
|Average Sales Price||$157,132||$156,968||0.10%|
|JAN – JULY 2017 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,432,851,217||$1,329,517,748||7.77%|
|% Sale/List Price||98.1||97.7||0.41%|
|Median Sale Price||$133,000||$126,900||4.81%|
|Average Sales Price||$154,853||$146,973||5.36%|