May 2011 State of the Cincinnati Real Estate Market

13,880

14,234

16,039

17,107

14,052

10,924

9,568

8,280

6,996

1,500

8,572

2,500 2,000

12,259

3,000

15,767

Residential Units Sold & Active Residential Inventory (Single Family & Condo) May 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Monthly & Yearly Updates

18,000 16,000 14,000 12,000 10,000 8,000

1,000

4,000

1,654

2,097

1,636

1,907

2,334

2,584

2,660

2,453

2,345

2,214

2,146

2,093

500

6,000

2,000

0

0

2000

2001

2002

2003

2004

2005

May Units Sold

2006

2007

2008

2009

2010

2011

Active Residential Inventory

2000-2011 YTD Housing Supply "Absorption Rate" as of 05/31/11 Source: Multiple Listing Service of Greater Cincinnati, Inc.

14.5 15

A "balanced" market is considered between 5-6 months of inventory.

13.4 12

9

9.6

9

8.4

6

3

JAN

FEB 2011 YTD 2005 YTD

MAR

APR 2010 2004 YTD

MAY

JUN 2009 YTD 2003 YTD

JUL

AUG 2008 YTD 2002 YTD

SEP

OCT

2007 YTD 2001 YTD

NOV

DEC

2006 YTD 2000 YTD

CopyrightŠ Karen Schlosser June 2011

2010-2011 YTD Housing Supply (In Months) "Absorption Rate" as of 05/31/11 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15

14.5 13.4

A "balanced" market is considered between 5-6 months of inventory.

14.4 13.4 12

13.1 12.5 11.5

9.6

11.5

11.3

9

10.5 8.4

9

8.6 7.5 6

6.8

6.8

MAY

JUN

3 JAN

FEB

MAR

APR

JUL

AUG

SEP

OCT

NOV

DEC

2011 2010 (Tax Credit Through June 30, 2010)

$600,000 $324,194

$252,752

1,500

$276,521

$500,000 $258,476

$412,480

$459,730

$482,923

$427,513

$357,813

2,000

$337,674

2,500

$314,222

3,000

$390,688

Residential Units Sold & Total Dollar Volume Of Sold (Single Family & Condo) May 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$400,000 $300,000

1,654

2,097

1,636

1,907

2,334

2,584

2,660

2,453

2,345

$100,000

2,214

500

2,146

$200,000 2,093

1,000

0

$-

2000

2001

2002

2003

2004

2005

May Units Sold

2006

2007

2008

2009

2010

2011

Total Dollar Volume CopyrightŠ Karen Schlosser June 2011

2009

2010

$152,813

2007

$159,171

$176,727

2006

$157,993

$177,914

2005

$170,002

$181,550

$174,282

$166,605

$161,614

$150,130

$200,000

$157,350

Average Sales Price Of Residential Units Sold (Single Family & Condo) May 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$150,000 2000

2001

2002

2003

2004

2008

2011

AREA MARKET SURVEY - MAY 2011 Residential Units Sold (Single Family & Condo) Source: Multiple Listing Service of Greater Cincinnati Selling Price Range

Quantity

Average Days On Market

$19,999 or under $20,000 thru $29,999 $30,000 thru $39,999 $40,000 thru $49,999 $50,000 thru $59,999 $60,000 thru $69,999 $70,000 thru $79,999 $80,000 thru $89,999 $90,000 thru $99,999 $100,000 thru $119,999 $120,000 thru $139,999 $140,000 thru $159,999 $160,000 thru $179,999 $180,000 thru $199,999 $200,000 thru $249,999 $250,000 thru $299,999 $300,000 thru $349,999 $350,000 thru $399,999 $400,000 thru $449,999 $450,000 thru $499,999 $500,000 thru $549,999 $550,000 thru $599,999 $600,000 thru $649,999 $650,000 thru $699,999 $700,000 thru $749,999 $750,000 thru $799,999 $800,000 thru $849,999 $850,000 thru $899,999 $900,000 thru $949,999 $950,000 thru $999,999 $1,000,000 thru $1,249,999 $1,750,000 thru $1,999,999 TOTAL

101 73 63 63 71 66 71 73 92 138 125 127 114 71 138 93 61 39 20 17 13 4 6 2 1 3 2 1 1 1 2 2 1654

70 64 57 75 72 76 65 79 77 80 85 91 97 100 89 110 93 116 84 110 175 145 181 33 93 26 73 170 27 361 149 392 85

CopyrightŠ Karen Schlosser June 2011