Dayton Area Home Sales for May 2023

Sales of single-family homes and condominiums reported in May by Dayton REALTORS® totaled 1,323, a fourteen percent decrease from the 1,537 sales reported in May 2022. The dip in home sales continued the same pattern from previous months in 2023, with a strong demand being held up by a lack of available properties.

The median sales price came in at $225,000, beating last year’s figure by two percent. The average price of $260,012 fell shy of last year’s price by just one percent. Sales volume generated by May’s activity totaled $344 million, a nearly fifteen percent decline from last May.

For the first five months of 2023, there were 5,238 sales reported, a fifteen percent decrease from 2022 when 6,186 transactions occurred over the same period.

Sales volume exceeded $1.28 billion so far in 2023, a twelve percent decline from 2022. The average sales price year-to-date stood at $245,623 and represented an almost four percent rise over 2022’s year-to-date numbers. The median sales price also grew, from $197,950 in 2022 to $210,000 through May 2023, a six percent increase.

There were 1,493 new listings added in May, down twenty-six percent from last year’s 2,034, while year-to-date listings tallied 6,328, an eighteen percent drop from the 7,792 submitted through May of last year.

Total inventory showed 989 properties available at month’s end, representing a supply of just under one month based on May’s pace of sales.