Single-family home and condominium sales posted the strongest April on record in the Miami Valley, according to the Dayton Area Board of REALTORS®. The 1,316 sales recorded continued the trend of a record-breaking year for real estate sales.
Sales volume generated by April’s activity totaled $206.8 million, a spike of over eight percent. This led to average and median prices also seeing a boost. The average sales price increased seven percent from last year to $157,161, while the median sales price recorded a two percent jump to $130,000.
The first four months of 2017 saw continued increases over the previous year in prices and in sales. Through April, sales reached 4,364, a 4.8 percent increase from 2016 when 4,161 transactions occurred over the same period.
Sales volume showed $647.2 million in sales transactions so far in 2017, an impressive fourteen percent change from 2016. The average sales price year-to date stood at $148,309 and represented an eight percent jump over 2016’s year-to-date numbers. The median sales price also grew, from $118,000 in 2016 to $127,600 through April 2017, an eight percent increase.
There were 1,970 new listings added in April, down seven percent from last year’s 2,120, while year-to-date listings tallied 6,769, a six percent decrease from the 7,218 submitted through April last year.
The overall MLS inventory of single-family and condominium listings showed 4,400 available at month’s end, which represented a supply of 3.3 months based on April’s pace of sales.
|APRIL 2017 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$206,823,500||$190,534,920||8.55%|
|% Sale/List Price||98.5||97.6||0.92%|
|Median Sale Price||$130,000||$127,000||2.36%|
|Average Sales Price||$157,161||$146,678||7.15%|
|YTD JAN-APR 2017 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$647,220,075||$565,595,073||14.43%|
|% Sale/List Price||97.8||97.2||0.62%|
|Median Sale Price||$127,600||$118,000||8.14%|
|Average Sales Price||$148,309||$136,782||8.43%|