Residential and condominium sales reported by the Dayton Area Board of REALTORS®’ Multiple Listing Service for November rose in year-over-year comparison for the fifth consecutive month, with 731 sales representing a 12.4% increase compared to last November’s 650 sales.

Sales volume reached $84.4 million for the month compared to $75.5 million last year, an increase of 12%. This activity generated an average sale price for November of $115,700, down just .45% from last year. The median sale price was up 1.4%, $91,250 compared to $90,000 a year earlier.

Sales year-to-date through 11 months now total 20,610, compared to 23,201 last year at the same point, down 2.7%. Before the recent streak of five straight increases in year-over-year sales, year-to-date sales were down 13.7%. This improvement is a very encouraging sign as we near a new year of activity.

Sales volume for single-family and condo sales year-to-date is now well over the billion-dollar plateau at $1.2 billion. The average sale price is currently remaining steady and shows a figure of $116,404 through November, still down 4.73%, compared to November 2010. The median sale price year-to-date is $94,900, down 8.7%, compared to $104,000 in 2010.

Single-family and condo listings submitted in November totaled 1, 247, down significantly (14.7%) from the 1,463 listings added during the same period in 2010. The January-November listing total has now reached 20,610, down 11.2% compared to 23,201 in 2010.

Overall MLS inventory at month’s end had declined to 7,683 compared to 8,245 in October and 8,010 last year at the same time. The supply of available active listings, based on November’s sales pace, stands at 10.5-months, up from a 9.5-month’s supply last month. This slowdown from last month is normal this time of year as the winter months and the holiday season draw a number of potential buyers toward other priorities.