MORE: Local real estate brokerage hits $1 billion in home sales
Local home inventory hit a record low for the month of May, with 1.9 months supply. That translates to 3,356 properties available at month’s end.
May’s median sales price came in at $155,950, beating last year’s figure by * percent, Dayton Realtors reported. The average price of $181,258 was up 6 percent from the same time last year.
Sales volume generated by May’s activity totaled $311.7 million, which is up 14 percent over last May.
For the first five months of 2019, there were 6,212 sales reported, a two percent increase from 2018 when 6,087 transactions occurred over the same period.
The supply of available homes in the area keeps getting tighter.
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There were 2,106 new listings added in May, down two percent from last year’s 2,149, while year-to-date listings tallied 8,449, a three percent decrease from the 8,710 submitted through May of last year.
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