Dayton Area Home Sales for June 2015

Sales of single-family and condominium units reported by the Dayton Area Board of Realtors in June totaled 1,576, a 22% increase over the June 2014 sales. Both the number of sales and average sales price were the highest monthly figures ever on record for the Dayton area.

June’s transactions produced a cumulative sales volume of over $241 million (up 31%), which translated to an average sale price of $152,975 and a median price of $126,450. These figures are up 7% and 2%, respectively, from the June 2014 numbers.

June’s showing topped off a first half of 2015 which saw 6,761 sales transactions of single-family homes and condominiums take place, compared to 6,142 during the first half of 2014, a 9.79% increase.

A cumulative sales volume of $940.2 million brought the average sale price to $139,440 and the median sale price to $118,500 for the six-month period. These were increases of 8.3% and 7.7%, respectively.

The sale-to-list percentage during the first half was 97.1%, compared to 96.83% during the same period last year, showing little change year-over-year.

Listings submitted in the month of June reflected the tighter inventory in the housing market, with 2,335 entries, a 3% increase over June 2014’s 2,262. For the January-June period, 12,036 listings were entered, up 3.4% from the same period last year.

The overall active MLS single-family and condominium inventory of available listings at the end of June stood at 6,006, up from May’s total of 5,855, and represented a 3.8 month supply of listings based on June’s resale rate.