www.DaytonOhioHouse.com

head_left_image

Dayton Area Home Sales for March 2011

Dayton Area Home Sales for March 2011

While sales of single-family and condominiums were up in the month of March compared to February's total (805 transactions versus 637 in February), the year-over year comparison shows a market still facing the challenges of economic recovery.  March totals showed a 17.7% decline over last March's 978 sales. It is worth noting that it was at this time in 2010 when the $8,000 tax credit was in full gear, spurring activity through the first six months of last year.

March sales activity generated $76.2 million in volume with an average sale price of $94,652. The median sale price was $70,550. These figures were down 21.4% and 30.8% respectively from March 2010.

The first quarter sales total has reached 2,030 compared to 2,140 during the same period last year, a much lesser decline of 5.14%. The cumulative sales volume for this period was $206.8 million. The first quarter average came in at $101,877, down 12.5% in year-over-year comparison, and the median was $78,000, down 20%.

March saw 2,382 single-family and condominium listings added to the MLS compared to 2,752 last March, a decline of 13%. A total of 5,781 listings have been added in 2011 through March. Last year's figure was 10.6% higher at 6,470 listings.

The overall MLS inventory at the close of the third quarter stood at 8,982 listings, or just over an 11-month's supply based on March's resale rate. The inventory was up almost 300 units from February's figure, when 8,686 single-family and condos were available and the supply showed a 13.6-month's supply, with the February sales pace being slower. Last year at the same time 8,565 listing were available, which represented a supply of 9.2 months.


    MARCH 2011 - MLS RESIDENTIAL SALES SUMMARY
       
  2011 2010 % Change
       
Single-Family Listings 2382 2752 -13.44%
       
Solds 805 978 -17.69%
Total List Price $81,052,955 $124,008,440 -34.64%
Total Sale Price $76,195,250 $117,771,562 -35.30%
% Sale/List Price 94.01 94.97 -1.01%
Median Sales Price $70,550 $102,000 -30.83%
Average Sales Price $94,652 $120,421 -21.40%

Statistics compiled by John Junker, MLS Data Specialist   http://www.dabr.com/statcenter/market_stats/2011/releases/2011-03.html

Blog article provided by Christina Cavins, a Nationally recognized Realtor with Irongate Inc. Realtors. Christina can be reached via email at ChristinaCavins@aol.com or by cell phone or text message at 1-937-205-4741. For Ohio real estate and homes see Ohio Real Estate.

 

Search homes for sale in the MLS (Multiple Listing Service) by visiting http://BuySellOH.com

 

Servicing the following towns and counties in Southwest OHBeavercreek, BellbrookCenterville, Cincinnati, Dayton, Fairborn, Greene County, Huber Heights, Kettering, Miamisburg, Montgomery County, OakwoodSpringboro, Springfield, Warren County, Washington Township, West Carrollton, Wright Patterson Air Force Base (WPAFB), Xenia, and Yellow Springs.


Join Christina Cavins on Facebook, Twitter, Linkedin, & YouTube

Comment balloon 0 commentsChristina Cavins • May 19 2011 05:39PM

Comments

Participate