Dayton homes sales march on in March

Sales of single-family and condominiums reported in March by Dayton Realtors totaled 1,288, the highest monthly sales so far in 2018, according to Dayton Realtors.

“These sales figures couldn’t top last March’s numbers though, dropping one percent and missing the mark by just thirteen sales,” the association of local Realtors said in a release.

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But the first three months overall of the year saw increases over the previous year in prices and sales compared to last year.

Sales volume generated by March’s activity totaled $195 million, leading to an average sale price of $151,537 and a median sale price of $130,000.

“All these figures were nearly identical to last year, with the median price hitting the exact same mark as March 2017,” the group said.

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Through March, sales reached 3,042, about a one percent improvement from 2017 when 3,020 transactions occurred over the same three months.

Sales volume was put at $457 million in sales transactions so far, a jump of more four percent from 2017.

The average sale price year-to date stood at $150,378 and represented a four percent increase over 2017’s year-to-date numbers. The median sale price also grew, from $126,825 in 2017 to $128,300 through March 2018, a one percent increase.

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Inventory remains a challenge, however. There were 1,877 new listings added in March, down from last year’s 1,961, and year-to-date listings saw 4,608 listings, a decrease of four percent from the figures submitted through March of 2017.

The overall inventory of single-family and condominium listings showed 3,785 available at month’s end, which represented a supply of 2.9 months based on March’s pace of sales.

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