Single-family and condominium sales in the Dayton area saw a decrease in activity in November, according to Dayton REALTORS®’ Multiple Listing Service. November’s activity generated a dollar volume of $306 million, a 4% decrease versus last November. Despite the lower dollar volume, the average price still ticked up to $277,410, a 3% increase from last year, while the median price of $249,900 also saw gains compared to last November (8% increase). The number of sales reported totaled 1,103, down 7% compared to the sales that occurred during the same month in 2023.
Listing entries in November totaled 1,200, down 8% from last year. The overall MLS inventory at month’s end showed 2,162 active properties available for sale, which translated to a supply of 1.9 months based on November’s resale rate. Last year at the same time the inventory stood at 2,264 active properties, also producing a supply ratio of 1.9 months.
Year-to-date sales showed 13,391 transactions reported, up 5.8% compared to last year. The sales volume through November of $3.7 billion was a 14% increase over 2023’s $3.2 billion. This generated an average sale price of $278,266 and a median sale price of $240,000, increases of 8% and 6%, respectively, compared to 2023.
NOVEMBER 2024 – MLS SINGLE-FAMILY & CONDO SALES | |||
2024 | 2023 | % Change | |
Listings | 1200 | 1311 | -8.47% |
Solds | 1103 | 1186 | -7.00% |
Total Sale Price | $305,982,946 | $318,941,694 | -4.06% |
% Sale/List Price | 99.50 | 100.00 | -0.50% |
Median Sale Price | $249,900 | $230,000 | 8.65% |
Average Sales Price | $277,410 | $268,922 | 3.16% |
JAN-NOV 2024 – MLS SINGLE-FAMILY & CONDO SALES | |||
2024 | 2023 | % Change | |
Listings | 16228 | 15393 | 5.42% |
Solds | 13391 | 12646 | 5.89% |
Total Sale Price | $3,726,259,921 | $3,243,950,861 | 14.87% |
% Sale/List Price | 100 | 100 | 0.00% |
Median Sale Price | $240,000 | $225,000 | 6.67% |
Average Sales Price | $278,266 | $256,520 | 8.48% |