Dayton Area Home Sales for May 2016

Sales of single-family and condominiums reported in May by the Dayton Area Board of Realtors totaled 1,563, up from the 1,299 sales reported last month. Despite tightening inventory on the market, the number of sales cleared last year’s May sales by eighteen percent, when there were 1,317 reported sales.

May’s average sales price came in at $151,595, slightly above last May by one-half of a percent. The median price of $133,000, meanwhile, was two percent better than last year. Sales volume generated by May’s activity totaled $236.9 million, an impressive nineteen percent jump over last May.

For the first five months of 2016, there were 5,765 sales reported, a twelve percent rise from 2015 when 5,119 transactions occurred over the same period.

Sales volume showed $808.2 million in sales transactions so far in 2016, a twelve percent rise from 2015. The average sales price year-to-date stood at $140,205 and represented a 3.7% jump over 2015’s year-to-date numbers. The median sales price also grew, from $115,000 in 2015 to $121,000 through May 2016, a five percent increase.

There were 2,108 new listings added in May, down almost seven percent from last year’s 2,265, while year-to-date listings tallied 9,343, a 3.7 percent decrease from the 9,708 submitted through May of last year.

The overall MLS inventory of single-family and condominium listings showed 5,970 available at month’s end, which represented a supply of 3.8 months based on May’s pace of sales.