Sales of single-family homes and condominiums, as reported by the Dayton Area Board of REALTORS®, continued their upward climb to start off the new year. 834 transactions were reported to the Multiple Listing Service in January, a 1.71 percent increase over the 820 single-family and condominium sales reported in January 2016.
A cumulative sales volume of $117 million was a fourteen percent jump in a year-over-year comparison. Just as there was more activity in home sales, prices reflected the demand in this tight-inventory market. As a result, the average sale price for January landed at $140,193, up twelve percent from last January, and a median sale price bumped up to $119,900, up over fourteen percent from last year.
The percentage of list/sale price ticked up by almost one percent over last year to 97.4%. Entries of single-family homes and condominiums during the first month of 2017 decreased 3.6% compared to last year.
The total of active listings for sale in the MLS at month’s end stood at 4,091, down from the 5,516 active listings that were available last year at the same time. The supply of listings, based on January’s pace of sales, was 4.9 months. This pace was more aggressive than the 6.7 month supply of listings during January 2016.
|JANUARY 2017 – MLS SINGLE-FAMILY & CONDO SALES|
|Total Sale Price||$116,920,836||$102,203,600||14.40%|
|% Sale/List Price||97.4||96.6||0.83%|
|Median Sale Price||$119,900||$104,700||14.52%|
|Average Sales Price||$140,193||$124,943||12.21%|