According to ATTOM’s data, the second quarter median sales price for homes in the Dayton Metropolitan Statistical Area — which includes Montgomery, Miami and Greene counties — was $109,900, which is down 5 percent compared to the second quarter of 2016.
Asked about the difference in numbers, Sims said the board works with Montgomery County Auditor Keith Klein to obtain “real time data.”
“It’s updated as things happen, so it’s up to date,” Sims said.
U.S. median home price of $253,000 in the second quarter of 2017 was at the “least affordable” level since the third quarter of 2008, a nearly nine-year low in affordability, according to ATTOM.
“While home price appreciation in the second quarter accelerated to the fastest pace in more than three years, wage growth turned negative, posting the biggest year-over-year decrease in five years in Q4 2016 — the most recent average weekly wage data available,” Daren Blomquist, senior vice president at ATTOM Data Solutions, said in his company’s report.
Median home prices in the second quarter this year grew at a faster annual pace than average weekly wages in 403 of the 464 counties analyzed in the report, ATTOM said.