Dayton Area Home Sales for July 2017

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.