Dayton Area Home Sales for June 14

Sales of single-family and condominium units reported by the Dayton Area Board of Realtors in June totaled 1,288, fifty-seven more than May’s tally, representing a new high water mark for sales so far this year. This figure is indicative of the other figures in that they are relatively unchanged from last year.

June’s transactions produced a cumulative sales volume of over $183.4 million, which translated to an average sale price of $142,407 and a median price of $124,000. Again, these figures are nearly identical to the same time period in 2013.

June’s showing topped off a first half of 2014 which saw 6,142 sales transactions of single-family homes and condominiums take place, compared to 6,290 during the first half of 2013, a 2.35% decrease.

A cumulative sales volume of $790.8 million brought the average sale price to $128,758 and the median sale price to $110,000 for the six-month period. These were increases of 3.4% and 4.2%, respectively.

The sale-to-list percentage during the first half was 96.27%, compared to 95.58% during the same period last year, a jump of almost 1%.

Listings submitted in the month of June reflected the tighter inventory in the housing market, with 2,262 entries, a 1.78% decrease over June 2013’s 2,303. For the January-June period, 11,634 listings were entered, a down 6.25% from the same period last year.

The overall active MLS single-family and condominium inventory of available listings at the end of June stood at 6,525, up from May’s total of 6,135, and represented a 5 months’ supply of listings based on June’s resale rate.