Dayton Area Home Sales for May 2009

Source: Dayton Area Board of Realtors

Home sales reported to the Dayton Area Board of REALTORS'® MLS for the month of May increased by 30 units over April's total to 853. Although still down by 22.6% in year-over year comparison with May of 2008, this activity marks the fifth straight month of increases in sales from the previous month.

The total dollar volume for the month reached $107.8 million, which translates into an average sale price of $126,462 and a median of $110,000, declines of 5.79% and 4.34%, respectively, compared to the same month a year ago. Though still down from last year, both the average and median have been steadily climbing since February of this year. 

For the year-to-date, 3,712 single-family properties have sold, compared to 4,507 during the same period in 2008, a decline of 17.64%. This activity has generated an average sale price of $111,148, a drop-off of 10.8% compared to the average price of  $124,710 through May of last year. The median sale price for the period this year is $90,000, compared to $107,000 last year, a 15.9% decline.  

Single-family listings entered into the database during May reached 2,055, down 26.5% compared to the same period a year earlier. Year-to-date 9,590 listings have been added, compared to 12,527 through May in 2008, a decline of 23.4%.

The overall available MLS inventory, which has also risen slowly each month this year, stood at 8,922 at the end of May's reporting period. This represents a 10.4 month's supply of single-family listings based on May's pace of sales. This marks a slight decline from April's supply of 10.7 months, thanks to an increase in the sales pace. Last year at the same time, the inventory stood at 10,283 listings and the supply was at 9.33-months.

 Statistics compiled by John Junker, MLS Data Specialist