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Dayton home sales notch new records in 2019

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FILE

Statewide data shows improvement across Ohio

Home sales landed in a strong place at year’s end, according to Dayton Realtors.

2019’s performance in the Dayton area bettered last year’s record-setting figures in several key areas: average price, median price, number of sold units and sales volume, according to the local organization.

Statewide numbers were strong too, with 14 of 18 markets enjoying an increase in average sales price for the year compared to 2018. In terms of sales activity, 10 local markets posted year-end increases compared to 2018, statewide data shows.

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The average Dayton-area sale price landed at $173,816, up almost five percent from last year. The median price was up, too, at $144,400, three percent increase from last year.

Volume was healthy, with the Dayton real estate organization recording a sales volume of $224.3 million — a 31 percent improvement over December 2018.

Statewide, home sales were in a good place last year, too.

Statewide home sales reached 154,650 in 2019, a 1.6 percent increase from the 2018 year-end level of 152,208, according to Ohio Realtors. The average sales price across Ohio last year reached $193,663, a 5.9 percent increase from the $182,843 mark posted during 2018.

Also statewide: A total dollar volume in 2019 reached $29.9 billion, a 7.6 percent increase from the 2018 level of $27.8 billion.

“It was a solid year for the Ohio housing market, as we experienced healthy gains in sales activity and in average pricing,” said Chris Reese, Ohio Realtors president. “It is evident that Ohioans appreciate and understand that housing is a solid, long-term investment.”

Locally in December 2019, 1,291 sales were reported, up 25 percent compared to last December’s 1,029 sales.

“December is usually a slower-paced month for home sales, but Dayton’s market bucked that trend,” the local organization said in a release Wednesday.

Overall available inventory of homes and condos at year’s end was 2,527, which meant a supply of two months based on December’s pace of sales, according to local figures. Inventory was down from 2018 levels, when 3,415 listings translated as a 3.3-month inventory of available listings.

Total sales in the Dayton area in 2019 reached 16,625, compared to 16,266 in 2018, edging up over two percent. Total cumulative sales volume for the year hit $2.9 billion, compared to $2.6 billion in 2018, a nine percent jump.

These figures translated into a final average sale price for 2019 of $177,087 and a median sale price of $152,000, both up 7 percent from last year, according to Dayton Realtors.

The number of local listing entries for the year totaled 20,289, compared to 20,672 in 2018, a fall of one percent and the inventory on hand hovered around the three-month supply level for most of the year.