Housing Market in October 2022

Single-family and condominium sales reported by the Dayton OH area reached 1,270 sales for the month of October 2022 down from last year’s 1,561, but the average price ($241,436) posted an eight percent gain over last October.  So values actually increased as the number of transactions decreased. 

Year-to-date through October, there were 13,855 sales, down five percent compared to the same period in 2021 when 14,610 properties closed.

The year-to-date average sale price continued to rise as they have all year long. The average price totaled $241,763 – up over ten percent.

The overall MLS inventory at month’s end showed 1,699 active properties available for sale, which translated to a supply of 1.3 months based on October’s resale rate. The pace of sales was slightly quicker last October, with a 0.87 months supply (1,360 listings) available.  If you’d be interested in how these statics might affect your home sale or buying process in the Dayton OH area,  I’m always happy to discuss!