Dayton Area Home Sales for May 2010

Single-family sales soared to a total of 1,200 in May, the most since August of 2007, and represented over a 40% increase compared to the 853 sales reported in May of 2009. This robust activity brought the year-to-date total for 2010 thru May to 4,324, compared to 3,712 last year during the same reporting period, an increase of 16.5%.

This activity produced a total dollar volume for the month of $152,359,114 and an average sale price per unit of $126,966, a slight .4% increase over last May's $126,462. This continues a streak of 11 consecutive months of year-over-year increases in the average sale price. The median sale price for the month was $115,000, a 4.55% jump over last May's figure.

Year-to-date sales volume has now reached over $524.7 million in single-family sales activity. The average sale price thru May stands at $121,356, a healthy appreciation of 9.2% compared to $111,148 in 2009. The median sale price thru May stands at $107,000, compared to just $90,000 last year, a considerably higher 18.9% year-over-year increase.

Single-family listings submitted during the month were down for the first time this year. The 1,890 listings added were 8% fewer than the 2,055 last May. For 2010 to date, however, 10,484 listings represent a 9.3% increase over the 9,590 submitted through May 2009.

Overall single-family inventory at the end of the reporting period showed 8,980 properties available for sale, up from 8,594 a month ago. However, the supply has slid to 7.5 months of properties for sale based on May's very rapid sales pace, compared to a supply at the end of April of 8.3 months. Last year, at the same time, the inventory was at a nearly identical figure of 8,922, but the supply was much higher at 10.4 months, with 347 fewer sales than during this May.    

 Statistics compiled by John Junker, MLS Data Specialist