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.
|SEPTEMBER 2023 – MLS SINGLE-FAMILY & CONDO SALES|
|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%|
|JAN-SEP 2023 – MLS SINGLE-FAMILY & CONDO SALES|
|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%|