Dayton Area Home Sales for November 2020

As has been the case all year long, single-family and condominium sales prices reported by Dayton Realtors®’ Multiple Listing Service in November increased from the previous year. November’s activity generated a dollar volume of $279.5 million, an increase of thirty percent versus last November. This translated to an average sale price of $198,977 and a median price of $175,000. These figures were up ten percent and thirteen percent, respectively, compared to November 2019.

The number of sales reported totaled 1,405, up almost nineteen percent over sales that occurred during the same month in 2019.

Listing entries in November totaled 1,316, up six percent from last year. While that was good news for housing inventory in November, there is still a severe lack of available properties for sale. The overall MLS inventory at month’s end showed 2,051 active properties available for sale, which translated to a supply of 1.4 months based on November’s resale rate. Last year at the same time the inventory was higher at 3,521 available listings, producing a supply ratio of 2.9 months.

Year- to-date sales showed 15,787 transactions reported, up three percent compared to last year. A sales volume through November of $3.1 billion was a fourteen percent increase over 2019’s $2.7 billion. This generated an average sale price of $196,644 and a median sale price of $169,900, both of which were increases of eleven percent compared to 2019.