Dayton Area Home Sales for September 2018

Single-family and condominium sales reported by Dayton REALTORS® Multiple Listing Service reached a sales volume of $222 million in September, a two percent decline compared with sales that occurred during the same month in 2017. The number of sales was also down, decreasing seven percent with 1,325 transactions. Slightly fewer sales did not, however, affect the continued increase in prices. The average sales price reached $167,717 and the median price increased seven percent to $145,000.

Sales year-to-date through September reached 12,495, up one percent compared to the same period in 2017 when 12,374 properties closed. Total dollar volume through nine months hit $2 billion, a seven percent increase from the same period last year.

The year-to-date average sale price and median sale price posted respectable gains as well. The average price totaled $166,133 while the median price came in at $142,900, each of them gains of six percent.

Single-family and condominium listing entries totaled 1,665 in September, down two percent over September 2017. Listings through the nine-month period totaled 16,728, down one percent over the same 2017 time period.

The overall MLS inventory at month’s end showed 4,412 active properties available for sale, which translated to a supply of 3.3 months based on September’s resale rate. Last year at the same time the inventory was higher at 4,715 available listings and also sat at a supply ratio of 3.3 months.