Dayton Area Board of Realtors: Real Estate Market Update for February 2017

February Trends and Statistics in Dayton Area
Posted: March 31, 2017 at 12:00 AM by Laura Quinn

Sales of single-family and condominium units reported by the Dayton Area Board of REALTORS® in February saw gains in all main statistical categories. 855 sales were reported to the Multiple Listing Service in February, an almost seven percent increase over the 801 single-family and condominium sales reported in February 2016.

February’s average sales price totaled $142,443, exceeding last year’s monthly figure by fifteen percent. Meanwhile, the median price saw a larger percentage increase, up 17 percent from last year to $126,500.

The sales in February produced a cumulative sales volume of nearly $121.7 million, a jump of 24 percent from last year. February’s showing also improved the year-to-date sales numbers. The January-February average sales was up thirteen percent from last year to $141,201, while the median price increased to $124,000. The cumulative sales price leaped ahead by nineteen percent to $240.7 million while the number of sales saw a modest 3.7 percent increase to 1,705.

Tight inventory continued in the Dayton area as listings submitted in the month of February decreased over six percent to 1,488 entries. For the January-February period, 2,839 listings were entered, down five percent from last year’s 2,998 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of February stood at 4,170 and represented a 4.8 months’ supply of listings based on February’s resale rate.

2017 2016 % Change
New Listings 1488 1594 -6.65%
Solds 855 801 6.74%
Total Sale Price $121,789,011 $97,954,431 24.33%
% Sale/List Price 97.4 97.1 0.31%
Median Sale Price $126,500 $108,000 17.13%
Average Sales Price $142,443 $123,836 15.03%

2017 2016 % Change
New Listings 2839 2998 -5.30%
Solds 1705 1643 3.77%
Total Sale Price $240,748,221 $202,397,531 18.95%
% Sale/List Price 97.4 96.8 0.62%
Median Sale Price $124,000 $105,500 17.54%
Average Sales Price $141,201 $124,399 13.51%
Source: Dayton Area Board of Realtors

Written by Taylor Hefferon, Marketing Specialist, Coldwell Banker Heritage

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