Dayton Area Home Sales for February 2024

Sales of single-family and condominium units reported by Dayton REALTORS® in February saw a spike in sales and an increase in prices. 1,096 sales were reported to the Multiple Listing Service in February, a 23% increase over the 886 single-family and condominium sales reported in February 2023.

February’s average sales price totaled $262,600, exceeding last year’s monthly figure by over 14%. Meanwhile, the median price also saw an increase, up over 15% from last year to $225,000.

The sales in February produced a cumulative sales volume of $287.8 million, an increase of 41% from last year.

February’s showing also improved the two-month year-to-date sales numbers. The January-February average sales price was up 14% from last year to $259,574, while the median price also jumped ahead by 14% to $219,000. The cumulative sales price totaled $517 million (up 41%) while the number of sales saw a 24% increase to 1,993.

Listings submitted in the month of February showed a jump of 24% to 1,251 entries. For the January-February period, 2,425 listings were entered, up 21% from last year’s 1,994 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of February stood at 1,398 and represented a little more than one month’s supply of listings based on February’s resale rate.