Dayton Area Home Sales for August 2015

Sales of single-family and condominium units reported by the Dayton Area Board of REALTORS® in August saw more gains in sales prices. At the same time, the number of homes sold in the Miami Valley surged from 2014 posted figures.

August’s average sales price totaled $145,872, exceeding last year’s monthly figure by two percent. That number couldn’t quite match last month’s high-water mark, but it was still the highest posted August average sales price on record. Meanwhile, the median price saw a small decrease to $124,000, down three percent from last year.

The 1,384 sales for August – up fourteen percent – produced a cumulative sales volume of over $201.8 million, a jump of sixteen percent from last year.

August’s showing also continued to improve the year-to-date numbers. The January-August average sales price increased six percent to $141,804, while the median price ticked up 4.3 percent to $120,000. The cumulative sales price also leaped ahead by nineteen percent to $1.3 billion.

Although tight inventory continues in the Dayton area, listings submitted in the month of August increased over three percent to 2,074 entries. For the January-August period, 16,288 listings were entered, up from last year’s 15,786 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of August stood at 5,991 and represented a 4.3 months’ supply of listings based on August’s resale rate.