Dayton-area home prices continue upward trajectory in September

"For Sale" signs are seen outside a home in Glenview, Ill., Tuesday, July 27, 2021.  Mortgage rates were flat to lower last week, Aug. 5, with the average for the key 30-year home loan below 3% for the sixth straight week.    (AP Photo/Nam Y. Huh)
Caption
"For Sale" signs are seen outside a home in Glenview, Ill., Tuesday, July 27, 2021. Mortgage rates were flat to lower last week, Aug. 5, with the average for the key 30-year home loan below 3% for the sixth straight week. (AP Photo/Nam Y. Huh)

Credit: Nam Y. Huh

Credit: Nam Y. Huh

Number of sales fell 3%

Following a nearly nationwide trend, Dayton-area home prices continued to push upward in September, even as sales fell slightly, according to the latest monthly report from the Dayton Realtors trade organization.

The average sales price increased 5% to $221,342 and the median price grew 3% to $185,450, Dayton Realtors said.

ExploreAnother giant building to go up near Dayton airport

However, the number of sales dipped from last year, falling 3% with 1,652 transactions.

Year to date, the average price totaled $218,618 (up 12%) while the median price came in at $185,000, up 10%.

Statewide, sales in September reached 16,128, a 0.9% uptick from a year ago. The average sales price across Ohio reached $242,561, an 8.8% increase from 2020.

“We’re seeing the Ohio real estate market return to a place of balance, with a steady uptick in the level of homes being marketed for sale across most of our markets occurring to help us meet the continued strong demand of consumers eager to take advantage of the historic low interest rates,” said Ohio Realtors President Seth Task.

Caption
Dayton Realtors image

Dayton Realtors image
Caption
Dayton Realtors image

In the Dayton area, single-family and condominium sales reported by Dayton Realtors’ Multiple Listing Service reached a sales volume of $365 million last month, six million more than the same month in 2020.

Sales year-to-date through September reached 13,016, up almost 3% compared to the same period in 2020 when 12,662 properties closed. Total dollar volume through nine months hit $2.84 billion, a 15% increase.

Single-family and condominium listing entries totaled 1,733 in September, down 8% from September 2020. Listings through the nine-month period totaled 15,580, up 2%.

The overall MLS inventory at month’s end showed 1,374 active properties available for sale, just under a month’s supply based on September’s resale rate. Inventory stood at 2,256 listings.

About the Author

ajc.com