Sales of single-family and condominium units reported by the Dayton Area Board of REALTORS® in August saw more gains in sales prices. At the same time, the number of homes sold in the Miami Valley surged from 2014 posted figures.
August’s average sales price totaled $145,872, exceeding last year’s monthly figure by two percent. That number couldn’t quite match last month’s high-water mark, but it was still the highest posted August average sales price on record. Meanwhile, the median price saw a small decrease to $124,000, down three percent from last year.
The 1,384 sales for August – up fourteen percent – produced a cumulative sales volume of over $201.8 million, a jump of sixteen percent from last year.
August’s showing also continued to improve the year-to-date numbers. The January-August average sales price increased six percent to $141,804, while the median price ticked up 4.3 percent to $120,000. The cumulative sales price also leaped ahead by nineteen percent to $1.3 billion.
Although tight inventory continues in the Dayton area, listings submitted in the month of August increased over three percent to 2,074 entries. For the January-August period, 16,288 listings were entered, up from last year’s 15,786 listings.
The overall active MLS single-family and condominium inventory of available listings at the end of August stood at 5,991 and represented a 4.3 months’ supply of listings based on August’s resale rate.
|AUGUST 2015 – MLS RESIDENTIAL SALES SUMMARY|
|Total Sale Price||$201,886,434||$173,490,574||16.37%|
|% Sale/List Price||96.11||96.57||-0.48%|
|Median Sales Price||$124,000||$128,000||-3.13%|
|Average Sales Price||$145,872||$142,908||2.07%|
|YEAR TO DATE JAN-AUG 2015 – MLS RESIDENTIAL SALES SUMMARY|
|Total Sale Price||$1,384,575,263||$1,163,324,491||19.02%|
|% Sale/List Price||96.14||96.30||-0.17%|
|Median Sales Price||$120,000||$115,000||4.35%|
|Average Sales Price||$141,804||$133,393||6.31%|