Single-family and condominium sales reported by Dayton Realtors’ Multiple Listing Service reached a sales volume of $365 million in September, six million more than the sales volume that was reported during the same month in 2020. As has been the case all year long, the prices also continued their climb. The average sales price increased five percent to $221,342 and the median price increased three percent to $185,450. The number of sales dipped from last year, dropping three percent with 1,652 transactions.
Sales year-to-date through September reached 13,016, up almost three percent compared to the same period in 2020 when 12,662 properties closed. Total dollar volume through nine months hit $2.84 billion, a fifteen percent increase from the same period last year.
The year-to-date average sale price and median sale price posted respectable gains as well. The average price totaled $218,618 (a twelve percent increase) while the median price came in at $185,000 (a ten percent increase).
Single-family and condominium listing entries totaled 1,733 in September, down eight percent over September 2020. Listings through the nine-month period totaled 15,580, up two percent over the same 2020 time period.
The overall MLS inventory at month’s end showed 1,374 active properties available for sale, which translated to a supply of 0.8 months based on September’s resale rate. Last year at the same time the inventory was higher at 2,256 available listings, equaling a supply ratio of 1.3 months.
(Taken from the Dayton MLS for September 2021)