Dayton Area Home Sales for August 2015

unnamedSales 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.

 

    AUGUST 2015 – MLS RESIDENTIAL SALES SUMMARY
2015 2014 % Change
Single-Family Listings 2074 1997 3.86%
Solds 1384 1214 14.00%
Total Sale Price $201,886,434 $173,490,574 16.37%
% Sale/List Price 96.11 96.57 -0.48%
Median Sales Price $124,000 $128,000 -3.13%
Average Sales Price $145,872 $142,908 2.07%

 

  YEAR TO DATE JAN-AUG 2015 – MLS RESIDENTIAL SALES SUMMARY  
2015 2014 % Change
Single-Family Listings 16288 15786 3.18%
Solds 9764 8721 11.96%
Total Sale Price $1,384,575,263 $1,163,324,491 19.02%
% Sale/List Price 96.14 96.30 -0.17%
Median Sales Price $120,000 $115,000 4.35%
Average Sales Price $141,804 $133,393 6.31%

 

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