Sales of single-family and condo units reported by the Dayton Area Board of REALTORS® in October saw gains in sales prices and, for the first time since January, an increase in the number of transactions. In fact, the numbers were positive in all the main statistical categories.
October’s average sales price totaled $134,892, exceeding last year’s monthly figure by well over fourteen percent. It was also the highest average price for October since 2005. The median price also fared well at $114,900, up 15 percent from last year.
The 1,238 sales for October marked a 6.5 percent improvement over October 2013 sales, producing a cumulative sales volume of over $166.9 million, up almost 22 percent from last year.
October’s showing also continued to improve the year-to-date numbers. The January-October average sales price increased over 6 percent to $133,864, while the median price also ticked up 6.48 percent to $115,000. The cumulative sales price also bumped up 3.4 percent to $1.5 billion.
Listings submitted in the month of October still reflect the tighter inventory in the housing market that has been seen all year, with 1,765 entries, relatively unchanged from October 2013’s 1,751. For the January-October period, 19,377 listings were entered, down from last year’s 20,371 listings.
The overall active MLS single-family and condominium inventory of available listings at the end of October stood at 6,205 and represented a 5 months’ supply of listings based on October’s resale rate.
|OCTOBER 2014 – MLS RESIDENTIAL SALES SUMMARY|
|Total Sale Price||$166,996,832||$136,944,320||21.95%|
|% Sale/List Price||96.11||95.34||0.81%|
|Median Sales Price||$114,900||$99,900||15.02%|
|Average Sales Price||$134,892||$117,852||14.46%|