Sales of single-family and condominium units reported by Dayton REALTORS® in August found home sales lagging while prices increased. The average sales price continued its upward trajectory and hit $260,831, a jump of six percent from the previous August. Likewise, the median price saw an increase to $235,000, up twelve percent from last year.
The 1,383 sales for August produced a cumulative sales volume of over $360 million, a decline of nine percent from last year.
August’s showing also illustrated the year-to-date increase in prices. The January-August average sales price increased four percent to $253,921 while the median sales price of $222,000 saw an eight percent bump. The cumulative sales price dropped by twelve percent to $2.3 billion.
Year-to-date sales fell behind those of 2022, with the 9,284 sales decreasing sixteen percent over last year’s figures. Listings submitted in the month of August increased forty percent from last year to 2,434 entries. For the January-August period, 11,953 listings were entered, down from last year by eleven percent.
The overall active MLS single-family and condominium inventory at the end of August stood at 1,741 and represented just a one month’s supply of listings based on August’s resale rate.
|AUGUST 2023 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$360,728,878||$397,385,148||-9.22%|
|% Sale/List Price||100.00||100.00||0.00%|
|Median Sale Price||$235,000||$209,950||11.93%|
|Average Sales Price||$260,831||$246,211||5.94%|
|JAN-AUG 2023 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,357,400,325||$2,678,719,683||-12.00%|
|% Sale/List Price||100||100||0.00%|
|Median Sale Price||$222,000||$205,000||8.29%|
|Average Sales Price||$253,921||$242,484||4.72%|