This October posted stronger numbers than in 2018 in several categories. The 1,445 sales for the month edged ahead of last year, the median price ($150,000) was five percent higher, and the average price ($178,412) saw an eight percent gain, the association said.
Year-to-date through October, there were 14,048 sales, up a percent compared to the same year-to-date period in 2018 when 13,902 properties closed. Total dollar volume through ten months hit $2.4 billion, a seven percent increase from the same period last year.
MAP: What homes are selling for in your community
The year-to-date average sale price and median sale price continued to rise as well. The average price totaled $177,081 while the median price came in at $152,900, gains of six percent and seven percent, respectively.
Listings are a bit tighter. Single-family and condominium listing entries totaled 1,794 in October, down less than one percent from October 2018. This pushed the listings through the ten-month period to 18,151, down two percent over the same 2018 time period.
MORE: Houses going fast in booming Dayton housing market
The overall inventory at month’s end showed 3,406 active properties available for sale, which translated to a supply of two months based on October’s resale rate. The pace of sales was quicker than compared to October 2018 (a three-month pace of inventory) when 4,432 available listings were available.
About the Author
