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As our Dayton Area Board of Realtors has just reported…

Dayton Area Home Sales for August 2011

Sales totals reported to the Dayton Area Board of Realtor’s MLS in August for single-family and condo properties improved in a year-over-year comparison for the second month in a row. The 991 transactions were an improvement of 7.6%, or 70 units, over last August’s 921 sales. The sales volume for August reached $121.6 million, a 4.6% jump from August 2010.

Listings submitted during August totaled 1,987, 15% fewer than last July’s 2,339. The first eight months of 2011 have seen 16,188 single-family and condo submissions made available for sale. This compares to 18,250 in 2010, a decline of 11%.

Total MLS inventory as of month’s end showed 8,981 listings for sale, a decline of 380, or 4% from last month. Coupled with Augusts’ increase in sales, the supply ratio has dropped from 10 months in July to 9 months of available listings in August.  Last year at the same time, the supply was also 10 months.