Home sales in the Dayton area stumbled in the month of June, while both the median and average prices continued their upward trajectory.
Sales of single-family and condominium units reported by Dayton REALTORS® in June totaled 1,596, a decrease of almost eight percent from June 2021 sales. Meanwhile, the average price jumped to $256,349 and the median price hit a new high at $220,745, increases of 8.5 percent and 7.6 percent, respectively. The cumulative sales volume reached $409.1 million, relatively flat from the figures in 2021.
June’s showing capped off the first half of 2022 which saw 7,801 sales transactions of single-family homes and condominiums, compared to 7,964 during the first half of 2021, down two percent from last year.
A cumulative sales volume of $1.8 billion dollars – up nine percent – brought the average sale price up eleven percent to $240,702 and the median sale price up ten percent to $201,900 for the six-month period.
Listings submitted in the month of June showed 2,100 entries, a decrease of almost five percent as compared to June 2021. For the January-June period, 9,897 listings were entered, a 2.7 percent increase from the same period last year.
The overall active MLS single-family and condominium inventory at the end of June stood at 1,553, representing just under a one-month supply of listings based on June’s resale rate.
|JUNE 2022 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$409,132,881||$408,759,125||0.09%|
|% Sale/List Price||100.00||100.00||0.00%|
|Median Sale Price||$220,745||$205,000||7.68%|
|Average Sales Price||$256,349||$236,140||8.56%|
|YTD JAN-JUNE 2022 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$1,877,719,710||$1,716,486,488||9.39%|
|% Sale/List Price||100||100||0.00%|
|Median Sale Price||$201,900||$183,225||10.19%|
|Average Sales Price||$240,702||$215,531||11.68%|