DAYTON, Ohio (WDTN) – It’s still a great time to sell a home in Dayton.
Dayton Realtors reported sales of single-family and condominium units in July saw more gains in sales prices. Although down from June’s all-time high, both the average sales price and median sales price improved over last year.
July’s average sales price totaled $171,683, beating last year’s figure by nine percent. The median price also fared well at $147,000, up seven percent from last year.
The 1,612 sales for July – up over ten percent – produced a cumulative sales volume of over $276.7 million, a huge increase of twenty percent over last year.
July’s showing also continued to improve the year-to-date numbers. The January-July average sales price increased nearly seven percent to $165,253, while the median price ticked up over five percent to $140,500. The cumulative sales price also jumped nine percent to $1.5 billion.
For the second month in a row, listings submitted in the month were on the rise, with 2,067 entries, a seven percent increase from July 2017’s 1,934. For the January-July period, 12,936 listings were entered, down from last year by just one percent.
The overall active MLS single-family and condominium inventory at the end of July stood at 4,294 and represented a 2.6 months’ supply of listings based on July’s resale rate.