Strong home sales streak continues

A home for sale on Oakwood Avenue in July. THOMAS GNAU/STAFF
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A home for sale on Oakwood Avenue in July. THOMAS GNAU/STAFF

The streak of strong Dayton-area home sales continues, with single-family and condominium sales hitting $211 million in October, rising six percent compared to October last year, the Dayton Realtors trade association reported Tuesday.

Selling prices were strong, too, with the 1,367 reported sales last month being three percent higher, the median price — $130,000 — four percent higher, and the average price, $156,695, three percent higher.

“In nearly every major category, in fact, October posted stronger numbers than in 2016,” the association said in a statement.

For 2017 through October, there were 13,775 sales, up one percent compared to the same period in 2016 when 13,620 properties closed.

Total dollar volume through ten months hit $2.1 billion, up seven percent from the same period last year.

The year-to-date average sale price and median sale price are strong, too, the association said. The average price was $156,088 while the median price came in at $134,000, each of those numbers up six percent.

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Single-family and condo listing entries totaled 1,533 last month, down less than one percent from October 2016, highlighting what the association called “the continued tight inventory in the market.”

Listings through the ten-month period totaled 18,406, down a percent over the same 2016 period.

The overall inventory at month’s end showed 4,538 properties available for sale, which the association sees as a supply of three months based on October’s resale rate.

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Last year at the same time the inventory was higher at 5,281 available listings, a four-month supply.

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