Dayton area home sales up for June

DAYTON, Ohio (DABR/WDTN) - June’s single-family sales activity rounded out a very encouraging first half of 2010 with five of the first six months sales totals topping those of a year earlier. There were 1,080 transactions reported in June, an increase of 19 over last June’s 1,061.

A sales volume of over $148.8 million produced this year’s highest average sale price by far, at $137,840 per unit. This was a big jump from May’s figure of $126,966, and topped last June’s average by 2.5 percent. The streak of year-over-year monthly increases in the average sale price has now reached a full 12 months in a row.

Single-family figures for the first half of the year compared to the same period in 2009 are up in every statistical category, a fact which hopefully signals a positive trend going forward. Sales January-June totaled 5,445, a 12.5 percent increase over the same reporting period in 2009.

A sales volume of $678.6 million year-to-date is a 20.8 percent increase over last year, and the average sale price is up 7.4 percent from $115,986 in 2009 to $124,641 in 2010. The median sale price year-to-date shows an even more impressive improvement of 14.1percent, from $95,500 to $109,000. Percentage sale/list is also up by 0.83 percent.

Single-family listings entered in June totaled 2,177, considerably more than May’s figure of 1,890, but nearly identical to last June when 2,180 listings were posted. Listings submitted from January-June have reached 12,652, a 7.6 percent increase over last year’s first half total of 11,758.

Overall single-family inventory at the end of June stood at 9,101, the highest number of available properties for sale so far this year, which is typical of the summer months when selling activity picks up. The supply, based on June’s sales pace, stands at 8.4 months, up from May’s 7.5 month supply.

The inventory at the same point last year was at 8,920 single family listings, but the sales pace was also slightly lower, which translates into an identical supply of 8.4 month’s at the mid-point in 2009.