Dayton home sales break records in June

A line of homes for sale along Pointe Oakwood Way. Area Realtors say there’s a lack of available homes, pushing up prices and creating a sellers’ market. THOMAS GNAU/STAFF
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A line of homes for sale along Pointe Oakwood Way. Area Realtors say there’s a lack of available homes, pushing up prices and creating a sellers’ market. THOMAS GNAU/STAFF

Dayton-area home sales records were broken last month.

June set records for both the number of sales and the average sale price — the highest on record ever for the Dayton region, the Dayton Area Board of Realtors reported Monday.

Sales of single-family and condominium units reported by the board in June totaled 1,690, a 0.66 percent increase over the June 2016 sales, but still enough to claim the mantle of the highest number of sales in a single month.

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The sales led to an average price of $168,771 and a median price of $144,500, which represented increases of 4.5 percent and 5.4 percent, respectively. The cumulative sales volume reached $285 million, up five percent from June 2016.

June’s showing topped off a first half of 2017 which saw 7,757 sales transactions of single-family homes and condominiums, compared to 7,486 during the first half of 2016, a three percent increase, the board said.

A cumulative sales volume of $1.2 billion dollars (up ten percent) brought the average sale price up six percent to $154,374 and the median sale price up five percent to $132,000 for the six-month period.

Listings submitted in the month of June reflected the tighter inventory in the housing market, with 2,177 entries, a drop of just under one percent from June 2016. For the January-June period, 11,145 listings were entered, a three percent decrease from the same period last year.

The overall active multiple listing services single-family and condominium inventory at the end of June stood at 4,845, representing a 2.8 month supply of listings based on June’s resale rate, the board said.