Dayton Area Home Sales for August 2010 - as reported by the Dayton Area Board of Realtors

Single-family transactions reported to the Dayton Area Board of REALTORS®' MLS reached 852 in August, an increase of 75 units (9.6%) more than July's total. However, in a year-over-year comparison, this figure showed a decline for the second month in a row. August totals in 2009 showed 1,011 completed sales, 159 (15.7%) more than this year's total. Still, this was an improvement over the 25.8% year-over-year decline comparing July 2010 with the previous July.

Sales volume generated from August's activity reached over $ 109.7 million and the average sale price was $128,824, slightly higher than this year's July average and nearly identical to last August's average of $129,214. The median sale price for August was $109,900, a 4.4% decline compared to $115,000 last August.

Year-to-date, Dayton remains ahead of 2009's sales activity with 7,149 transactions thru August, compared to 6,920 last year. Single-family sales volume through eight months this year has reached over $895.5 million, a 6% increase over last year's $845 million though the same time period.

Year-to-date average sale price stands at $125,271 per unit, 2.6% higher than last year's $122,118 at the same time. The median is still up 5.3%, $108,500 this year compared to $103,000 in 2009.

Single-family listings entered into the MLS in August totaled 2,159, an 11% increase compared to last year's August figure of 1,944. Listings entered throughout the January-August period now total 16,973, 8% more than through August 2009 during which time 15,719 entries were posted.

The overall available inventory of single-family homes in the MLS stands at 9,125 listings and the current supply based on August's pace of sales stands at 10.7 months. This is down from the 11.8-months supply which was in place at the end of July. Last year at the same time 8,744 listings were available with only an 8.6-month's supply.

Statistics compiled by John Junker, MLS Data Specialist