800
9,652
8,100
7,337
6,187
1,000
8,774
12,962
12,561
13,094
14,000
11,114
1,400
1,200
16,000
10,644
1,600
15,101
1,800
14,628
13,495
Residential (Single Family & Condominium) Units Sold vs. Active Residential Inventory For the Month of February 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
12,000 10,000 8,000 6,000
600
4,000
400
2,000
200 0
0 2000
2001
2002
2003
2004
2005
2006
February Units Sold
2007
2008
2009
2010
2011
2012
Active Residential Inventory
2000-2012 YTD Housing Supply "Absorption Rate" as of 02/29/12 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15
12
11.1 9.6 9
6
A "balanced" market is considered between 5-6 months of inventory.
3
JAN
FEB
MAR
APR
MAY 2012
JUN 2011
JUL 2010
AUG
SEP
OCT
NOV
DEC
2009
CopyrightŠ Karen Schlosser March 2012
$205,790
$150,251
1,000
$138,745
$250,000
$139,687
$248,446
$279,444
$277,817
$253,313
$300,000
$146,798
1,200
$203,454
1,400
$182,599
1,600
$199,587
1,800
$224,568
Number of Residential (Single Family & Condominium) Units Sold vs. Dollar Volume of Units (in $1,000's) Sold For The Month Of February 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$200,000
$150,000
800 600
$100,000
400
1,155
964
934
1,129
1,320
1,515
1,712
1,642
1,538
1,379
1,470
1,394
1,295
$50,000 200 0
$0
2000
2001
2002
2003
2004
2005
2006
February Units Sold
2007
2008
2009
2010
2011
2012
Dollar Volume of Solds
$130,087
140,000
$143,926
$130,025
$149,558
$163,991
2007
$155,902
$163,227
2006
$147,537
$152,767
$143,176
160,000
$141,003
Number of Units Sold
180,000
$169,194
$164,703
Average Residential (Single Family & Condo) Sales Price For The Month Of February 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
120,000
100,000 2000
2001
2002
2003
2004
2005
2008
2009
2010
2011
2012
CopyrightŠ Karen Schlosser March 2012
Residential Sales (Single Family & Condominium) for February 2012
Source: Multiple Listing Service of Greater Cincinnati, Inc.
Selling Price Range
# of Homes Sold
$19,900 and under
106
$20,000 thru $29,999
80
$30,000 thru $39,999
67
$40,000 thru $49,999
50
$50,000 thru $59,999
54
$60,000 thru $69,999
52
$70,000 thru $79,999
53
$80,000 thru $89,999
55
$90,000 thru $99,999
42
$100,000 thru $119,999
93
$120,000 thru $139,999
87
$140,000 thru $159,999
81
$160,000 thru $179,999
66
$180,000 thru $199,999
51
$200,000 thru $249,999
78
$250,000 thru $299,999
55
$300,000 thru $349,999
28
$350,000 thru $399,999
16
$400,000 thru $449,999
14
$450,000 thru $499,999
11
$500,000 thru $549,999
3
$550,000 thru $599,999
2
$600,000 thru $649,999
2
$650,000 thru $699,999
3
$700,000 thru $749,999
3
$750,000 thru $799,999
1
$900,000 thru $949,999 $1,000,000 thru $1,249,999 Total Units Sold
1
Summary Price Information
Minimum
$2,500
Maximum
$1,080,000
Average
$130,087
Median
$105,000
1 1155
CopyrightŠ Karen Schlosser March 2012