Dayton Area Home Sales for October 2022

Single-family and condominium sales reported by Dayton Realtors’ Multiple Listing Service reached a sales volume of $306.6 million in October, a decrease of eleven percent compared to the sales volume that occurred during the same month in 2021. Likewise, the 1,270 sales for the month couldn’t meet last year’s 1,561, but the median price ($200,000) was five percent higher than last year while the average price ($241,436) posted an eight percent gain over last October.

Year-to-date through October, there were 13,855 sales, down five percent compared to the same period in 2021 when 14,610 properties closed. Total dollar volume through ten months hit $3.3 billion, a four percent increase from the same period last year.

The year-to-date average sale price and median sale price continued to rise as they have all year long. The average price totaled $241,763 – up over ten percent – while the median price came in at $205,000, a gain of nearly eleven percent.

Single-family and condominium listing entries totaled 1,450 in October, down seventeen percent from October 2021. This pushed the listings through the ten-month period to 16,518, down four percent over the same 2021 time period.

The overall MLS inventory at month’s end showed 1,699 active properties available for sale, which translated to a supply of 1.3 months based on October’s resale rate. The pace of sales was slightly quicker last October, with a 0.87 months supply (1,360 listings) available.