Dayton Area Home Sales for September 2023

Dayton Area Home Sales for September 2023

Bob JonesGeneral News, Home Sales, news release, Press Release

Single-family and condominium sales reported by Dayton Realtors’ Multiple Listing Service reached a sales volume of $343 million in September, two percent lower than the sales volume that was reported during the same month in 2022. There was also a dip in home sales, with 1,363 transactions being reported, an eight percent decrease over last year. Even with fewer sales, the price of these transactions, as has been the case all year long, continued their climb. The average sales price increased six percent to $252,263 and the median price increased ten percent to $226,000.

Sales year-to-date through September reached 10,463, down fifteen percent compared to the same period in 2022 when 12,402 properties closed. Total dollar volume through nine months hit $2.6 billion, an eleven percent decrease from the same period last year.

The year-to-date average sale price and median sale price posted respectable gains. The average price totaled $252,729 (a five percent increase) while the median price came in at $221,000 (a seven percent increase).

Single-family and condominium listing entries totaled 1,726 in September, up fourteen percent over September 2022. Listings through the nine-month period totaled 12,846, down thirteen percent over the same 2022 period.

The overall MLS inventory at month’s end showed 2,072 active properties available for sale, which translated to a supply of 1 month based on September’s resale rate. Last year at the same time the inventory was lower at 1,686 available listings, also equaling a supply ratio of one month.

2023 2022 % Change
New Listings 1726 1520 13.55%
Solds 1363 1482 -8.03%
Total Sale Price $343,834,692 $351,402,576 -2.15%
% Sale/List Price 100.00 100.00 0.00%
Median Sale Price $226,000 $205,000 10.24%
Average Sales Price $252,263 $237,114 6.39%
2023 2022 % Change
New Listings 12846 14810 -13.26%
Solds 10463 12402 -15.63%
Total Sale Price $2,644,304,074 $2,984,217,396 -11.39%
% Sale/List Price 100 100 0.00%
Median Sale Price $221,000 $205,000 7.80%
Average Sales Price $252,729 $240,624 5.03%