Housing Data

The Dayton REALTORS® Multiple Listing Service today reported a continued positive trend for the Miami Valley’s housing market in May, with single-family home and condominium sales demonstrating resilience and growth in most key areas. The monthly and year-to-date data indicate a stable market with appreciating property values.

For the month of May, the number of sales saw a slight decrease of 3.37%, with 1,346 transactions compared to 1,393 in May of the previous year. Despite this marginal dip in sales volume, the total sales price for May reached an impressive $404,452,524, just edging out last May’s total volume by 0.16%. This growth in dollar volume, even with slightly fewer transactions, underscores the continued appreciation in property values. The median sale price for May surged by 6% to $265,000 from $250,000, and the average sales price similarly rose by 3.66% to $300,485, reinforcing the strong upward trend in home values. The sale-to-list price ratio remained steady at 100%.

Looking at the first five months of the year, year-to-date sales experienced a decrease of 7.75%, with 5,371 transactions compared to 5,822 in the same period of 2024. This resulted in a 4.45% reduction in total sales price, reaching $1,517,872,388 so far in 2025, down from $1,588,565,490 in 2024. Despite these declines in volume, both median and average sale prices continued to climb, reinforcing the strength of property values. The year-to-date median sale price increased significantly by 9.52% to $230,000, while the average sales price rose by 3.57% to $282,605.

New listings added in May totaled 1,766, showing a negligible increase of 0.34% from 1,760 last year. Year-to-date listings tallied 7,105, a slight increase of 0.17% from 7,093 in 2024, indicating a relatively stable influx of new properties into the market. The total number of single-family homes and condominiums available in the MLS at month’s end was 1,900, an increase from 1,540 in May 2024. This represented a 1.4 month supply rate based on the current pace of sales.