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Market Update - August 2018


Posted: September 25, 2018 by Erin Wood

Originally Posted by: 

Dayton Area Board of Realtors

By Bob Jones

Posted: Thursday, September 20th, 2018

view the original article

Sales of single-family and condominium units reported by Dayton REALTORS® in August saw all the key figures in positive territory. The number of homes sold in the Miami Valley increased just over two percent from 2017 posted figures. August’s average sales price totaled $170,981, a jump of five percent from the previous August. Likewise, the median price saw an increase to $150,000, up over seven percent from last year.

The 1,647 sales for August produced a cumulative sales volume of over $281.6 million, a jump of eight percent from last year.

August’s showing also continued to improve the year-to-date numbers. The January-August average sales price increased 6.6 percent to $166,083, while the median price ticked up 6.3 percent to $142,500. The cumulative sales price also leaped ahead by over eight percent to $1.8 billion.

Tight inventory continued in the Dayton area, yet for the second month in row, listings submitted in the month of August posted an increase, jumping almost three percent from last year to 2,112 entries. For the January-August period, 15,054 listings were entered, down from last year’s 15,146 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of August stood at 4,436 and represented a 2.6 months’ supply of listings based on August’s resale rate.

 

          AUGUST 2018 – MLS SINGLE-FAMILY & CONDO SALES
2018 2017 % Change
New Listings 2112 2053 2.87%
Solds 1647 1606 2.55%
Total Sale Price $281,606,165 $260,548,765 8.08%
% Sale/List Price 98.60 98.30 0.31%
Median Sale Price $150,000 $139,200 7.76%
Average Sales Price $170,981 $162,235 5.39%

 

          JAN-AUG 2018 – MLS SINGLE-FAMILY & CONDO SALES
2018 2017 % Change
New Listings 15054 15146 -0.61%
Solds 11117 10910 1.90%
Total Sale Price $1,846,349,767 $1,699,577,954 8.64%
% Sale/List Price 98.6 98.2 0.41%
Median Sale Price $142,500 $134,000 6.34%
Average Sales Price $166,083 $155,782 6.61%

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