Home sales increase in Dayton area in February

Home sales in the Dayton area increased nearly seven percent in February compared to the previous year, the Dayton Area Board of Realtors reported today.

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Home sales in the Dayton area increased nearly seven percent in February compared to the previous year, the Dayton Area Board of Realtors reported today.

Home sales in the Dayton area increased nearly seven percent in February compared to the previous year, the Dayton Area Board of Realtors reported today.

Dayton-area Realtors in February saw gains in all main statistical categories, including 855 sales, an increase from 801 of single-family and condominium sales reported in February 2016.

February’s average sales price totaled $142,443, exceeding last year’s monthly figure by 15 percent. Meanwhile, the median price saw a larger percentage increase, up 17 percent from last year to $126,500.

The sales in February produced a cumulative sales volume of nearly $121.7 million, a jump of 24 percent from last year, the board reported.

February’s showing also improved the year-to-date sales numbers. The January-February average sales was up 13 percent from last year to $141,201, while the median price increased to $124,000. The cumulative sales price leaped ahead by 19 percent to $240.7 million while the number of sales saw a modest 3.7 percent increase to 1,705.

Tight inventory continued in the Dayton area as listings submitted in the month of February decreased over six percent to 1,488 entries.

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers.

The National Association of Realtors said today existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month.

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