Single-family and condominium sales reported by Dayton Realtors’ Multiple Listing Service reached a sales volume of $346.5 million in October, increasing almost two percent compared to the sales volume that occurred during the same month in 2020. The 1,561 sales for the month couldn’t quite exceed last year’s 1,651, but the median price ($190,000) was five percent higher while the average price ($221,990) posted a seven percent gain.
Year-to-date through October, there were 14,610 sales, up 1.8 percent compared to the same period in 2020 when 14,349 properties closed. Total dollar volume through ten months hit $3.19 billion, a thirteen percent increase from the same period last year.
The year-to-date average sale price and median sale price continued to rise as well. The average price totaled $218,927 – up eleven percent – while the median price came in at $185,000, a gain of nearly nine percent.
Single-family and condominium listing entries totaled 1,762 in October, down two percent from October 2020. This pushed the listings through the ten-month period to 17,343, up one percent over the same 2020 time period.
The overall MLS inventory at month’s end showed 1,360 active properties available for sale, which translated to a supply of 0.87 months based on October’s resale rate. The pace of sales was quicker than compared to October 2020 (a 1.3-month pace of inventory) when 2,256 listings were available.
|OCTOBER 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$346,526,556||$340,117,884||1.88%|
|% Sale/List Price||100.00||100.00||0.00%|
|Median Sale Price||$190,000||$179,900||5.61%|
|Average Sales Price||$221,990||$206,007||7.76%|
|JAN-OCT 2021 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$3,198,520,456||$2,818,351,913||13.49%|
|% Sale/List Price||100||100||0.00%|
|Median Sale Price||$185,000||$169,900||8.89%|
|Average Sales Price||$218,927||$196,415||11.46%|