August 2010 - Market Statistics for Greater Cincinnati Real Estate

Page 1

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


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