Dayton Area Home Sales for March 2015

Sales of single-family and condominiums reported in March by the Dayton Area Board of REALTORS® totaled 1,033, the highest monthly sales so far this year. This was up just over eleven percent compared to March 2014.

Sales volume generated by March’s activity totaled $139.1 million, leading to an average sale price of $134,658 and a median sale price of $115,000. All these figures posted increases from last year: sales volume up a tiny 0.3 percent; average price up nearly 14 percent; and median price up almost 20 percent.

The first three months of 2015 saw increases over the previous year in prices and sales. Through March, sales reached 2,507, a one percent improvement from 2014 when 2,473 transactions occurred over the same period. Sales volume showed $319.6 million in sales transactions so far, just shy of a fourteen percent change from 2014. The average sale price year-to date stood at $127,491 and represented a 12% jump over 2014’s year-to-date numbers. The median sale price also grew, from $90,100 in 2014 to $108,000 through March 2015, a 19.8% increase.

There were 2,063 new listings added in March, relatively unchanged from last year’s 2,050, while year-to-date listings tallied 5,064, a 4% increase from the 4,862 submitted through March last year.

The overall MLS inventory of single-family and condominium listings showed 5,305 available at month’s end, which represented a supply of 5.1 months based on March’s pace of sales.