Dayton Area Home Sales for August 2024

Sales of single-family and condominium units reported by Dayton REALTORS® in August found home sales relatively unchanged from August 2023. The average sales price continued its upward trajectory and hit $286,666, a jump of 9.6% from the previous August. Likewise, the median price saw an increase to $249,000, up 6% from last year.

The 1,318 sales for August produced a cumulative sales volume of over $377.8 million, a boost of 8.5% from last August.

August’s showing also illustrated the year-to-date increase in prices. The January-August average sales price increased almost 10% to $278,630 while the median sales price of $239,900 saw an 8% bump. The cumulative sales price surged ahead by 21% to $2.7 billion.

Year-to-date sales showed a marked improvement over 2023, with the 9,781 sales increasing 10% over last year’s figures. Listings submitted in the month of August dropped 7.8% from last August to 1,654 entries. For the January-August period, 11,987 listings were entered, up from last year by 11%.

The overall active MLS single-family and condominium inventory at the end of August stood at 2,001 properties and represented just a 1.5 month’s supply of listings based on August’s resale rate.