Here’s how Dayton-area home sales did in May

(AP Photo/Keith Srakocic, File)

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(AP Photo/Keith Srakocic, File)

More Dayton-area homes sold in May than this time last year and those homes typically sold for a higher price.

The number of Dayton-area home sales climbed 7 percent in May compared to May 2018, for a total 1,720 homes sales reported to Dayton Realtors last month in Montgomery, Greene, Darke, Warren, and Preble counties.

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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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