Dayton Area Home Sales for July 2015

Dayton Area Home Sales for July 2015
Sales of single-family and condominium units reported by the Dayton Area Board of Realtors in July saw more gains in sales prices. Although down from June’s all-time high, both the average sales price and number of sales were the best-ever July figures recorded in the Dayton area.

July’s average sales price totaled $148,552, exceeding last year’s monthly figure by just over one percent. The median price also fared well at $129,900, up 2 percent from last year.

The 1,547 sales for July – up 22.6 percent even as inventory remains tight – produced a cumulative sales volume of over $229.8 million, an increase of 24 percent from last year.

July’s showing also continued to improve the year-to-date numbers. The January-July average sales price increased seven percent to $141,153, while the median price ticked up 6.6 percent to $120,000. The cumulative sale price also jumped nearly 20 percent to $1.1 billion.

Listings submitted in the month of July still reflect a fairly tight inventory in the housing market, with 2,198 entries, a one percent increase over July 2014’s 2,168. For the January-July period, 14,222 listings were entered, up from last year’s 12,828 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of July stood at 5,946 and represented a 3.8 months’ supply of listings based on July’s resale rate.