Dayton Area Home Sales for July 2023

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 $267,143, knocking last year’s figure out of the way by six percent. The median price also fared well at $240,000, up over seven percent from last year.

The 1,204 sales for July revealed a drop of over twenty-two percent from last year, reflecting the overall tightness of the economy and lack of available homes for sale. These sales produced a cumulative sales volume of over $321 million, a seventeen percent decrease from July 2022.

The year-to-date figures also shined a light on the realities of the current economy. The January-July average sales price increased four percent to $252,812, while the median price ticked up seven percent to $220,000. The cumulative sales price dropped twelve percent to almost $2 billion. The number of sales continued to decrease just as it has all year. The 7,868 units sold dropped sixteen percent from the 2022 year-to-date figures.

Listings submitted in the month of July also fell, with 1,609 entries, a fifteen percent decrease from last July’s 1,892. For the January-July period, 9,505 listings were entered, down nineteen percent when compared to last year.