August home sales dip in Dayton region

August sales of single-family homes and condominiums dipped slightly in the Dayton region compared to last year at the same time, the Dayton Area Board of Realtors reported Wednesday..

The number of homes sold in the Miami Valley dipped less than one percent — just 12 units — from August 2016 posted figures, the board reported. However, prices continued to rise in the Dayton region.

August’s average sales price totaled $162,235, a jump of almost 11 percent from the previous August. Likewise, the median price saw just an increase to $139,200, up more than 11 percent from last year.

» RELATED: 10 retailers file for bankruptcy in 2017

Tight inventory continued in the Dayton area, yet for the second month in row, listings submitted in the month of August posted an increase, jumping more than 7 percent from last year to 2,053 entries. For the January-August period, 15,146 listings were entered, down from last year’s 15,374 listings, the board said.

The 1,606 sales for August produced a cumulative sales volume of over $260.5 million, a jump of over ten percent from last year.

FIVE FAST BUSINESS READS

Chicago in minutes? Columbus named as finalist for Hyperloop

Toys ‘R’ Us files for bankruptcy: What’s really going on?

Amazon confirms Monroe fulfillment site: Here’s what we know now

Walgreens acquires Rite Aid for $4.4B: What it means for consumers

Bob Evans Farms has been sold for $1.5B

About the Author