14,985
18,000 16,000 14,000
9,859
9,012
8,745
7,462
2,000
13,622
11,947
13,430
2,500
20,000
16,387
16,924
3,000
1,500
17,884
Residential (Single Family & Condo) Units Sold & Active Residential Inventory August 2000-2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.
12,000
10,000 8,000
1,000
6,000 4,000 2,005
2,141
2,162
2,576
2,562
2,836
2,551
2,176
1,765
1,812
1,327
500
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
0
2,000 0
Aug Units Sold
Active Residential Inventory
2000-2010 YTD Housing Supply "Absorption Rate" as of 08/31/10 Source: MLS of Greater Cincinnati, Inc. 15
14.4 13.4
A "balanced" market is considered between 5-6 months of inventory.
12
11.5
11.3
8.6
9
7.5 6.8
6.8
6
3
JAN
FEB 2010 YTD 2004 YTD
MAR
APR 2009 YTD 2003 YTD
MAY
JUN 2008 YTD 2002 YTD
JUL
AUG 2007 YTD 2001 YTD
SEP
OCT
NOV
2006 YTD 2000 YTD
DEC
2005 YTD
CopyrightŠ Karen Schlosser September 2010
Residential (Single Family & Condo) Average Sales Price August 2000-2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.
2001
$181,768
$172,463
$184,952
$176,000
$176,767
$161,747
$160,284
2000
$165,935
$159,772
$175,000
$171,130
$173,231
$200,000
$150,000 2002
2003
2004
2005
2006
2007
2008
2009
2010
Number Of Units Sold & Dollar Volume of Sales (in $1,000's) Single Family & Condo January-August 2000-2010 YTD
$2,805,421
14,000
$1,925,260
$3,000,000 $1,839,810
$3,202,407
$3,262,020
$3,031,101
$2,468,189
$3,500,000
$2,161,819
16,000
$2,315,142
18,000
$2,113,459
20,000
$2,710,410
Source: Multiple Listing Service of Greater Cincinnati, Inc.
$2,500,000
$2,000,000
17,523
18,206
17,813
15,858
13,130
12,210
12,058
8,000
16,202
$1,000,000
15,193
10,000
14,760
$1,500,000
14,008
12,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
6,000
$500,000
$0
Jan-Aug Units Sold
$ Volume of Solds
CopyrightŠ Karen Schlosser September 2010
14,985
13,622
18,000 16,000 14,000
9,859
9,012
8,745
7,462
6,978
7,704
7,999
8,111
7,345
6,462
6,645
7,122
6,832
1,500
7,264
2,000
13,430
11,947
2,500
20,000
16,387
16,924
3,000
17,884
Residential (Single Family & Condo) Units Sold & Active Residential Inventory August 1990-2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.
12,000 10,000 8,000
1,000
6,000 4,000 1,327
1,812
1,765
2,176
2,551
2,836
2,562
2,576
2,162
2,141
2,005
2,008
1,988
1,842
1,845
1,715
1,532
1,540
1,310
1,312
1,613
500
0
2,000 0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Aug Units Sold
Active Residential Inventory
$3,500,000
$2,805,421
$1,925,260
$1,839,810
$3,000,000 $2,161,819
$3,202,407
$3,262,020
$3,031,101
$2,468,189
$2,113,459
$1,966,922
$1,523,456
$1,475,963
$1,223,648
$1,207,518
$1,102,572
$936,769
12,000
$933,866
14,000
$1,282,812
16,000
$1,809,076
18,000
$2,315,142
20,000
$2,710,410
Number Of Units Sold & Dollar Volume of Sales (in $1,000's) Single Family & Condo January-August 1990-2010 YTD Source: Multiple Listing Service of Greater Cincinnati, Inc.
$2,500,000
$2,000,000
$1,500,000
12,058
12,210
13,130
15,858
17,813
18,206
17,523
16,202
15,193
14,760
14,008
14,528
14,001
12,413
12,462
10,677
11,268
9,226
9,631
8,000
11,149
$1,000,000
10,367
10,000
6,000
$500,000
$0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Jan-Aug Units Sold
$ Volume of Solds
CopyrightŠ Karen Schlosser September 2010