Dayton Area Home Sales for March 2014

Single-family and condominium sales reported by the Dayton Area Board of Realtors Multiple Listing Service totaled 933 in March, down 4.5 percent from sales that occurred during the same month in 2013. Sales volume reached $110.7 million in March, bringing the average sale price to $118,732 and the median price to $96,000. The average price was down slightly from last year (1.63%), while the median price dipped 5.4 percent from last March.

Sales year-to-date through March reached 2,473, a reduction of 3 percent compared to the same period in 2013 when 2,551 properties closed. Total dollar volume through the first quarter hit $280.7 million, a 3.9 percent decrease from the three-month period last year.

The year-to-date average sale price and median sale price posted small declines as well. The average price totaled $113,544 while the median price came in at $90,100, down 0.85 percent and 3.6 percent, respectively.

Single-family and condominium listing entries totaled 2,050 in March, a 1 percent increase over March 2013. Listings through the three-month period totaled 4,862, down 7.7 percent over the same 2013 time period.

The overall MLS inventory at month’s end showed 6,836 active properties available for sale, which translated to a supply of 7.3 months based on March’s resale rate. Last year at the same time the inventory was lower at 6,644 available listings, producing a smaller supply ratio of 6.8 months.