February’s average sales price totaled $142,443, exceeding last year’s monthly figure by 15 percent. Meanwhile, the median price saw a larger percentage increase, up 17 percent from last year to $126,500.
The sales in February produced a cumulative sales volume of nearly $121.7 million, a jump of 24 percent from last year, the board reported.
February’s showing also improved the year-to-date sales numbers. The January-February average sales was up 13 percent from last year to $141,201, while the median price increased to $124,000. The cumulative sales price leaped ahead by 19 percent to $240.7 million while the number of sales saw a modest 3.7 percent increase to 1,705.
Tight inventory continued in the Dayton area as listings submitted in the month of February decreased over six percent to 1,488 entries.
U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers.
The National Association of Realtors said today existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month.
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