Sales of single-family and condominium units reported by Dayton REALTORS® in July saw more gains in sales prices, but the number of homes sold showed a slowdown for the month. July’s average sales price totaled $250,226, knocking last year’s figure out of the way by eleven percent. The median price also fared well at $223,500, up over seventeen percent from last year.
The 1,551 sales for July revealed a drop of over nine percent from last year, reflecting the overall tightening of the economy. These sales produced a cumulative sales volume of over $388 million, a small 0.79 percent increase from July 2021.
The year-to-date figures also shined a light on the realities of the current economy. The January-July average sales price increased over eleven percent to $242,250, while the median price ticked up ten percent to $205,000. The cumulative sales price jumped eight percent to $2.2 billion. The number of sales continued to decrease just as it has since February. The 9,395 units sold dropped three percent from the 2021 year-to-date figures.
Listings submitted in the month of July also fell, with 1,892 entries, a twelve percent decrease from last July’s 2,165. For the January-July period, 11,786 listings were entered, relatively flat when compared to last year.
|JULY 2022 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$388,099,861||$385,050,902||0.79%|
|% Sale/List Price||100.00||100.00||0.00%|
|Median Sale Price||$223,500||$190,000||17.63%|
|Average Sales Price||$250,226||$225,044||11.19%|
|JAN – JULY 2022 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$2,275,943,219||$2,107,163,291||8.01%|
|% Sale/List Price||100||100||0.00%|
|Median Sale Price||$205,000||$185,000||10.81%|
|Average Sales Price||$242,250||$217,121||11.57%|