Dayton Area Home Sales for April 2014
Sales of single-family and condominiums reported in April by the Dayton Area Board of REALTORS® totaled 1049, the highest figure yet this year. This was down just over three percent compared to April 2013. Despite tighter inventory than last year, sales have held close to 2013 numbers.
Sales volume generated by April’s activity totaled $141.2 million, leading to an average sale price of $134,640 and a median sale price of $118,000. All these figures posted increases from last year: sales volume up almost 5 percent; average price up 8.5 percent; and median price up nearly 11 percent.
The first four months of 2014 saw increases over the previous year in prices and small declines in sales. Through April, sales reached an even 3,562, a 3% drop from 2013 when 3,674 transactions occurred over the same period.
Sales volume showed $427 million in sales transactions so far in 2014, less than a one percent change from 2013. The average sale price year-to date stood at $119,890 and represented a 2.3% jump over 2013’s year-to-date numbers. The median sale price also grew, from $96,600 in 2013 to $99,900 through April 2014, a 3.4% increase.
There were 2,275 new listings added in April, down 5.5 percent from last year’s 2,409, while year-to-date listings tallied 7,146, a 6.8% decline from the 7,669 submitted through April last year.
The overall MLS inventory of single-family and condominium listings showed 5,621 available at month’s end, which represented a supply of 5.3 months based on April’s pace of sales.
|APRIL 2014 – MLS RESIDENTIAL SALES SUMMARY|
|Total Sale Price||$141,237,157||$134,632,598||4.91%|
|% Sale/List Price||96.20||95.56||0.67%|
|Median Sales Price||$118,000||$106,500||10.80%|
|Average Sales Price||$134,640||$124,085||8.51%|