Dayton Area Home Sales for May 2022

Sales of single-family homes and condominiums reported in May by Dayton Realtors totaled 1,537, a four percent increase from the 1,476 sales reported in May 2021. Home sales appeared to hold strong even as recent increases in mortgage rates and inflation affected other purchasing decisions.

The median sales price came in at $220,000, beating last year’s figure by almost thirteen percent. The average price of $262,888 also leaped over last year’s number by fifteen percent. Sales volume generated by May’s activity totaled $404 million, a huge twenty percent jump over last May.

For the first five months of 2022, there were 6,186 sales reported, a minor quarter-percent decrease from 2021 when 6,204 transactions occurred over the same period.

Sales volume exceeded $1.4 billion so far in 2022, a twelve percent rise from 2021. The average sales price year-to-date stood at $236,530 and represented a twelve percent jump over 2021’s year-to-date numbers. The median sales price also grew, from $178,000 in 2021 to $197,950 through May 2022, an eleven percent increase.

There were 2,034 new listings added in May, up thirteen percent from last year’s 1,792, while year-to-date listings tallied 7,792, a five percent increase from the 7,426 submitted through May of last year.

Total inventory showed 1,177 properties available at month’s end, representing a supply of just under one month based on May’s pace of sales.