Dayton home sales rise in June
Written on July 16, 2010
The trend in Dayton-area home sales continues to be positive, as June’s single-family home sales surpassed last year’s sales.
There were 1,080 transactions reported in June, up 1.8 percent over last June’s 1,061, according to the Dayton Area Board of Realtors.
Sales did slow from May, when 1,200 transactions were closed. But for the first half of the year, sales have increased roughly 12.5 percent. There were 5,445 homes sold in the first half of this year, up from 4,841 during the same period last year.
Year-to-date, home sale activity looks a lot better than it did a year ago. The total sales amount increased nearly 21 percent, from $561.5 million last year to $678.7 million this year. The median sale price jumped up more than 14 percent, from $95,500 to $109,000.
And the average sales price increased 7.5 percent, from $116,000 to $124,600.
For the month of June, sales volume was nearly $148.9 million, producing the highest average sale price of the year at $137,840 per home no fax payday loans. May’s average was $127,000 per home.
The streak of year-over-year increases in average sales price has reached 12 months.
There were 2,177 single-family listings entered in June, up from 1,890 in May, but only three fewer than last year.
The overall inventory at the end of June showed 9,101 homes for sale, the highest number of available properties so far this year. This is typical for the summer months, when selling activity picks up. Based on June’s sales pace, the supply stands at 8.4 months, up from May’s 7.5-month supply.
The Dayton Area Board of Realtors is a trade association representing more than 2,800 Realtor and affiliate members in Montgomery, Greene, Warren and Preble counties.
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