Dayton Area Home Sales for August 2020

Sales of single-family and condominium units reported by Dayton REALTORS® in August found most of the key figures in positive territory. The number of homes sold in the Miami Valley increased over seven percent from 2019 posted figures, and the average sales price continued its upward trajectory and hit $203,934, a jump of fourteen percent from the previous August. Likewise, the median price saw an increase to $175,000, up over twelve percent from last year.

The 1,707 sales for August produced a cumulative sales volume of over $348.1 million, a jump of twenty-two percent from last year.

August’s showing also continued to improve the year-to-date prices. The January-August average sales price increased nine percent to $192,743 while the median sales price increased 8.8 percent to $165,500. The cumulative sales price also leaped ahead by over seven percent to $2.1 billion.

Year-to-date sales lagged behind 2019, with the 10,925 sales falling one percent from last year’s figures. Tight inventory continued in the Dayton area as listings submitted in the month of August posted a decrease of four percent from last year to 1,877 entries. For the January-August period, 13,360 listings were entered, down from last year’s 14,552 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of August stood at 2,113 and represented just a 1.2 months’ supply of listings based on August’s resale rate.