Dayton Area Home Sales for September 2014

Statistics are important because they tell us where we have been and possibly where we are headed.  Below are the most recent statistics as reported by the Dayton Area Board of Realtors.  Review and let us know your thoughts.  As always we are here to answer any questions.  Contact us at 937-667-1950 or at info@AmlinAdvantage.com

Dayton Area Home Sales for September 2014

Single-family and condominium sales reported by the Dayton Area Board of Realtors Multiple Listing Service reached a sales volume of $157 million in September, nearly a six percent improvement over sales that occurred during the same month in 2013. The number of sales was down three percent to 1,155, continuing the trend from previous months. This small slowdown didn’t hurt prices, however, with the average sale price reaching $136,044 and the median price $117,000, both increases of well over nine percent from last September.

Sales year-to-date through September reached 9,914, down 3.8 percent compared to the same period in 2013 when 10,308 properties closed. Total dollar volume through nine months hit $1.3 billion, a one percent increase from the nine-month period last year.

The year-to-date average sale price and median sale price posted respectable gains as well. The average price totaled $133,745 while the median price came in at $115,000, each gains of five percent.

Single-family and condominium listing entries totaled 1,854 in September, relatively unchanged over September 2013. Listings through the nine-month period totaled 17,624, down five percent over the same 2013 time period.

The overall MLS inventory at month’s end showed 6,400 active properties available for sale, which translated to a supply of 5.5 months based on September’s resale rate. Last year at the same time the inventory was higher at 7,403 available listings, producing a higher supply ratio of 6.2 months.