Although it didn’t set records, July home sales were solid, a local association of Realtors said today.
Sales of single-family and condominium units reported by Dayton Realtors in July were down from June’s all-time high, but both the average sales price and median sales price improved over last year, the group said.
July’s average sales price totaled $171,683, bettering last year’s figure out by nine percent, the group said in a release. The median price was put at $147,000, up seven percent from last year.
The 1,612 sales for July were up more than ten percent. Those sales pushed a cumulative sales volume of more than $276.7 million, a “huge increase” of 20 percent over last year, the group said.
And so far this year, home sales are faring well.
The January-July average sales price increased nearly seven percent to $165,253, while the median price rose more than five percent to $140,500. The cumulative sales price also rose nine percent to $1.5 billion.
Home sales increased in July because for the second-straight month, the inventory of homes available jumped.
“For the second month in a row, listings submitted in the month were on the rise, with 2,067 entries, a seven percent increase from July 2017’s 1,934,” the group said. “For the January-July period, 12,936 listings were entered, down from last year by just one percent.”