The market is HOT and it is not just because it is summertime! This press release and statistics released by the Dayton Area Board of Realtors goes over the state of the current market in the area. Please review and let us know if you have any questions. Additionally if you are ready to add your home to the LONG list of SOLD homes in the area – contact us today!
Sales of single-family and condominium units reported by the Dayton Area Board of Realtors in June totaled 1,258, 34 more than May’s tally, representing a new high water mark for sales so far this year. This figure compares to 1,039 a year earlier, an impressive 24% jump. This is also the most sales for June since 2007, just before the economic downturn began.
June’s transactions produced a cumulative sales volume of over $183.8 million, which translated to an average sale price of $142,288, 9.27% higher than last June’s $130,211, and represented the highest monthly sales price since June of 2008. The median sales price was $124,000, a 10.2% increase compared to June 2012.
June’s robust showing topped off an excellent first half of 2013, which saw 6,290 sales transactions of single-family homes and condominiums take place, compared to 5,412 during the first half of 2012, a 16.2% increase.
A cumulative sales volume of over $783 million brought the average sale price to $124,497 and the median sale price to $105,500 for the six-month period. These were increases of 4% and 7%, respectively.
The percentage sale/list during the first half was 95.58%, compared to 94.78% during the same period last year, a jump of 0.84%.
Listings submitted in the month of June were up year-over-year with 2,303 entries, a 12.8% increase over June 2012’s 2,042. This was the third straight month of increases in listing entries compared to 2012, as activity for both listings and sales seemed to be picking up steam.
For the January-June period, 12,410 listings were entered, a 7.22% jump compared to the 11,574 entered during the same period last year.
The overall active MLS single-family and condominium inventory of available listings at the end of June stood at 7,651, up from May’s total of 7,382, and represented a 5.95 months’ supply of listings based on June’s resale rate.
Last year at the same time the inventory stood at 7,936 active listings, about 3.6% more than this year, and the supply ratio then showed 7.63-months’ of available listings, when the resale rate was considerably lower.
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JUNE 2013 – MLS RESIDENTIAL SALES SUMMARY
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2013
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2012
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% Change
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| Single-Family Listings |
2303
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2042
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12.78%
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| Solds |
1292
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1039
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24.35%
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| Total List Price |
$191,311,239
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$141,920,514
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34.80%
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| Total Sale Price |
$183,836,069
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$135,159,398
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36.01%
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| % Sale/List Price |
96.09
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95.24
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0.89%
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| Median Sales Price |
$124,000
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$112,500
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10.22%
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| Average Sales Price |
$142,288
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$130,211
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9.27%
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View Dayton Area Home Sales Chart
View Dayton Area Homes Average Price Chart
Charm, Character and Style! Don’t miss this opportunity to own this fantastic home in OAKWOOD, PRICE REDUCED TO $135,000 just blocks from Dorothy Lane Market shopping, and MORE! This beautiful home has 3 bedrooms and 2 full baths and great curb appeal. Walk in to find a large living room with wood burning fireplace, wood floors, and large windows for natural light. Your bright kitchen has lots of cabinet space and opens to the dining room. 1st floor Master Bedroom and full bath. Upstairs features full bath and 2 large bedrooms – each with built-in bookcases and huge walk-in closets. Home features full basement with additional rec room, storage room, and laundry area. Great deck overlooks the back yard. Updates include Refinished wood floors, 
remodeled downstairs bathroom, New Sink in upstairs bathroom, fresh paint throughout, retaining wall, built in bookcases, closet system, and refinished baseboards.
