Dayton Area Home Sales for January 2011
Residential sales, including condos and single-family units, totaled 554 in January to begin the new year, with a figure nearly identical to last January’s 559 sales. The sales volume generated by this activity came to just over $56.4 million, which calculates to an average sale price of $101,876 and a median sale price of $78,550. These figures are down 8.8% and 12.7%, respectively, in year-over-year comparisons.
“Sale prices are historically lower during slower, bad weather months and with school in session,” stated Dayton Area Board of REALTORS® president Bob Wilson. “Averages in January and February are usually the lowest of the year. Increases are usually seen in the spring, when families begin looking again and traffic through available homes picks up.”
Residential listings added during the month reached 1,676, down 10% from the previous January. The overall residential inventory at month’s end stood at 8,428, representing a 15-month’s supply of available single-family and condominium units. The supply at the end of January 2010 was 7,835 listings, with a similar supply ratio of 14 months.
JANUARY 2011 - MLS RESIDENTIAL SALES SUMMARY | |||
| 2011 | 2010 | % Change | |
| Single-Family Listings | 1676 | 1864 | -10.09% |
| Solds | 554 | 559 | -0.89% |
| Total List Price | $59,577,836 | $66,009,515 | -9.74% |
| Total Sale Price | $56,439,496 | $62,450,853 | -9.63% |
| % Sale/List Price | 94.73 | 94.61 | 0.13% |
| Median Sales Price | $78,550 | $90,000 | -12.72% |
| Average Sales Price | $101,876 | $111,719 | -8.81% |
Statistics compiled by John Junker, MLS Data Specialist
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