Home prices surged in Dayton area last year

Bloomberg photo by Matthew Busch.

Combined ShapeCaption
Bloomberg photo by Matthew Busch.

Dayton home sales prices shot up in 2017, according to the year-end report from Dayton Realtors.

The median sales price for area homes was $133,500 in 2017, up just over 6 percent from $125,900 in 2016, the association said. And the average sales price was $155,621 last year, also up about 6 percent to 2016’s average of $146,786.

“That’s a good year for us,” said Robert Morrison, recently inaugurated as Dayton Realtors president.

But while prices increased, sales fell in December. Dayton Realtors recorded 1,076 single-family and condominium sales in December, an eight percent decrease compared to last December’s 1,175 sales.

“The challenge of available inventory, combined with the usual slowdown of sales this time of year, contributed to the decline,” the association said in its report.

RELATEDRealtors report good year for home sales, prices rise

Full-year 2017 improved over 2016’s record-setting figures in all key areas, however, setting new records. Average price, median price, solds and sales volume were all up. Total sales for 2017 reached 16,149, besting the 16,079 mark of 2016.

Cumulative sales volume for the year came in at $2.5 billion, compared to $2.3 billion in 2016.

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