However, Reese added: “Looking forward, we anticipate ebbs and flows in activity levels throughout the marketplace as a result of the challenges of tight inventory levels of homes being marketed for sale, combined with the emergence and spread of the Covid-19 crisis.”
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Sales of local single-family and condominium units reported by Dayton Realtors last month saw 1,002 sales reported to the Multiple Listing Service, a 9.5 percent increase over the 915 properties sold in February last year.
The average Dayton-area sales price last month totaled $175,085, exceeding the February 2019 monthly figure by nine percent. And the local median price was up over eight percent from last year, reaching $149,250.
Cumulative local sales volume reached $175.4 million, a 20 percent jump compared to February 2019.
So far this year, the average local price is up nearly 13 percent and volume is up nearly 21 percent.
Tight inventory continues to be a fact of life, but Dayton-area listings submitted in February beat last year’s figures, increasing over six percent to 1,429 entries.
For the January-February period, 2,794 listings were entered, up eight percent from last year’s 2,581 listings, Dayton Realtors said.
The overall active single-family and condominium inventory of available listings at the end of February stood at 2,950 and represented a three month supply of listings based on February’s resale rate.
Statewide, the numbers are also good. The number of homes sold across Ohio in February rose nearly 9 percent from February 2019, according to Ohio Realtors.
February’s average home price of $187,576 reflects an 8 percent increase from the $173,696 mark posted during the month last year.
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