The number of homes sold in the Miami Valley increased last month, a 4 percent jump compared to the same month last year.
Sales of single-family and condominiums reported in May by the Dayton Area Board of Realtors totaled 1,626, an increase from the 1,316 sales reported in April. Though the market has a tight inventory of houses available in the market, it hasn’t stopped a steady increase in real estate business.
The number of sales cleared last year’s May sales by 4 percent, when 1,563 homes were sold.
May’s median sales price came in at $133,950, slightly above last May by just less than one percent. The average price of $157,488, meanwhile, was four percent better than last year. Sales volume generated by May’s activity totaled $256 million, an impressive eight percent jump over last May.
For the first five months of 2017, there were 6,023 sales reported, a 4.4 percent rise from 2016 when 5,765 transactions occurred over the same period, according to the Dayton Area Board of Realtors.
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