Dayton Area Home Sales for September 2017

Single-family and condominium sales reported by the Dayton Area Board of REALTORS® Multiple Listing Service reached a sales volume of $228 million in September, a five percent improvement over sales that occurred during the same month in 2016. The number of sales was down, decreasing three percent with 1,428 transactions. Slightly fewer sales did not, however, affect the continued increase in prices. The average sales price reached $159,699 and the median price increased seven percent to $135,000.

Sales year-to-date through September reached 12,374, up one percent compared to the same period in 2016 when 12,237 properties closed. Total dollar volume through nine months hit $1.9 billion, a 7.6 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 $156,227 while the median price came in at $134,000, each of them gains of six percent.

Single-family and condominium listing entries totaled 1,710 in September, up 2.76 percent over September 2016. Listings through the nine-month period totaled 16,864, down one percent over the same 2016 time period.

The overall MLS inventory at month’s end showed 4,715 active properties available for sale, which translated to a supply of 3.3 months based on September’s resale rate. Last year at the same time the inventory was higher at 5,705 available listings and producing a higher supply ratio of 3.8 months.