Dayton home sales continue upward march

Home sales and sale prices in the Dayton area continue their upward trajectory.

For the 37th straight month, single-family and condominium sales prices reported by Dayton Realtors Multiple Listing Service (MLS) in November ticked up from the same month in the previous year, Dayton Realtors said Wednesday.

Sales are up, too. The number of sales reported totaled 1,260, up three percent over sales in the same month last year.

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November’s activity generated a dollar volume of $208 million, an increase of over 12 percent versus last November.

“This translated to an average sale price of $165,754 and a median price of $138,500,” Dayton Realtors said in a statement. “These figures were up over eight percent and three percent, respectively, compared to November 2017.”

Listing entries in November totaled 1,282, down from October’s 1,812.

“This is normal this time of year as fewer homes are put on the market as the holidays approach,” the organization said. “This figure is up from November 2017 when 1,208 single-family and condominium listings were added to the system.”

Year- to-date, the 15,195 sales reported are up one percent compared to last year.

A sales volume through November of $2.5 billion was a seven percent increase over 2017’s $2.3 billion, the organization said. From this resulted an average sale price of $165,733 and a median sale price of $142,000, both increases of six percent compared to 2017.

The supply of available homes for sale is a bit more generous than last year. The MLS inventory at month’s end showed 4,146 active properties available for sale, which translated to a supply of 3.2 months based on November’s resale rate.

Last year at the same time the inventory was lower at 3,653 available listings, leaving a supply ratio of 2.9 months.

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