Dayton Area Home Sales for February 2015

unnamedSales activity of single-family homes and condominiums, as reported by the Dayton Area Board of REALTORS®, fell 7.6 percent in February from the level posted during the month a year ago. 696 transactions were reported to the Multiple Listing Service in February, compared to 754 a year earlier. By the way, before selling a house, the property should be well maintained and clean. Considering an residential mold removal johnson city tn service is a good idea for the dirt can be hazardous to health.

Tighter inventory in the housing market kept some shoppers searching for, rather than purchasing, their dream house. A cumulative sales volume of $82.3 million couldn’t hurdle the $85.5 million volume from last February in a year-over-year comparison.

The bright spots in February were the median and average home prices. The median price landed at $97,750, an eight percent increase, while the average price rose to $118,298, a four percent increase.

Single-family and condo sales retained over 95% of their asking price, while listing entries dropped three percent compared to last year.

The overall total of active listings for sale in the MLS inventory at month’s end stood at 5,224, down 718 units compared to the inventory at same point in time in 2014. The supply of listings, based on February’s pace of sales, was 7.5 months, nearly unchanged from the same period a year ago.

 

    FEBRUARY 2015 – MLS RESIDENTIAL SALES SUMMARY
2015 2014 % Change
Single-Family Listings 1535 1581 -2.91%
Solds 696 754 -7.69%
Total Sale Price $82,335,075 $85,576,789 -3.79%
% Sale/List Price 95.73 95.49 0.25%
Median Sales Price $97,750 $90,302 8.25%
Average Sales Price $118,298 $113,497 4.23%
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