Continuing in a similar manner as most of 2014, single-family and condominium sales prices reported by the Dayton Area Board of Realtors Multiple Listing Service in November ticked up. November’s activity generated a dollar volume of $119 million, 3 percent better than last November. This translated to an average sale price of $133,465 and a median price of $113,000. These figures were up 12% and 11%, respectively, compared to November 2013.
The number of sales reported totaled 894, down eight percent over sales that occurred during the same month in 2013.
Listing entries in November totaled 1,229, down from October’s 1,765. This is normal this time of year as fewer homes are put on the market when the weather gets colder and the holidays approach. This figure is also down slightly from November 2013 when 1,289 single-family and condominium listings were added to the system.
Year- to-date sales and sales volume also followed a similar pattern as the monthly sales. The 12,129 sales reported was a 4% reduction compared to last year. A sales volume through November of $1.63 billion was a 2.6% increase over 2013’s $1.58 billion. This generated an average sale price of $133,882 and a median sale price of $115,000, each of which were increases of over 7 percent from 2013.
|NOVEMBER 2014 – MLS RESIDENTIAL SALES SUMMARY|
|Total Sale Price||$119,317,806||$115,392,184||3.40%|
|% Sale/List Price||95.99||95.55||0.46%|
|Median Sales Price||$113,000||$101,500||11.33%|
|Average Sales Price||$133,465||$118,472||12.66%|