Dayton-area home sales ended 2018 on a strong note, according to the newest numbers from the Dayton Realtors Multiple Listing Service (MLS).
However, sales for the month of December fell a bit compared to the mark achieved in December 2017.
Still, 2018 as a whole was strong. In all, full year 2018 improved over last year’s record-setting figures in average price, median price, solds, and sales volume, Dayton Realtors said.
The average sale price for the month of December was $165,838, a rise of more than eight percent from December 2017’s average sale price. And the median price of $140,000 was also up eight percent from last December’s median.
A sales volume of $170.6 million was a three percent improvement over December 2017, according to Dayton Realtors.
“While prices increased, the number of sales decreased in December,” Dayton Realtors said in a statement Tuesday.
The organization said 1,029 single-family and condominiums sales were reported, a four percent decrease compared to last December’s 1,076 sales.
“The challenge of available inventory, combined with the usual slowdown of sales this time of year, contributed to this decline,” the association of Realtors said.
The overall available inventory at year’s end was 3,415, which calculated to a supply of 3.3-months based on December’s pace of sales.
Inventory was up from 2017 levels, when 3,378 listings translated as a 3.1-month inventory of available listings.
Total sales for 2018 reached 16,266, compared to 16,149 in 2017, up just over one-half percent. Total cumulative sales volume for the year was $2.6 billion, compared to $2.5 billion in 2017, up seven percent.
The final average sale price for 2018 of $165,586 and a median sale price of $142,000, both up six percent from last year.
The number of listing entries for the year totaled 20,672, compared to 20,546 in 2017, an increase of one-half percent and the inventory on hand hovered around the three-month supply level for most of the year.
Dayton Realtors represents 2,900 agents and members in Montgomery, Greene, Darke, Warren and Preble counties.
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