Dayton Area Home Sales for July 2017

Bob Jones General News, Home Sales, Press Release

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
2017 2016 % Change
New Listings 1934 1901 1.74%
Solds 1457 1495 -2.54%
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
2017 2016 % Change
New Listings 13083 13457 -2.78%
Solds 9253 9046 2.29%
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%