It’s a good time to sell a home in the Miami Valley. That’s because the average sales price of a single-family home and condominium unit in the Dayton region jumped to $162,235 in August, a nearly 11 percent increase from August 2016, according to the Dayton Area Board of Realtors.

In addition, the median sales price of a single-family home and condominium unit saw an increase to $139,200, up more than 11 percent from last year, according to the board. The 1,606 sales for August created a total sales volume of more than $260.5 million, an increase of more than 10 percent from 2016, according to the board’s report.

The reason for the increases is because the inventory of single-family homes and condominium units on the market continues to be tight. That’s despite a 7 percent increase of the number of homes on the market in August to 2,053 listings, according to the report.

The inventory of single-family homes and condominiums for sale in the Dayton region at the end of August was 4,842, according to the report, which represents a three-month supply of listings based on August’s resale rate. 





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