18,000 12,036
14,530
14,051
13,992
11,383
9,808
8,684
8,604
1,500
7,132
2,000
12,916
2,500
20,000
16,437
16,349
3,000
17,719
Residential (Single Family & Condo) Units Sold & Active Residential Inventory June 2000 - 2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
16,000 14,000 12,000 10,000 8,000
1,000
6,000 4,000 1,792
1,898
2,127
1,952
2003
1,931
2002
2,430
2,414
2001
2,790
2,063
2000
2,856
2,261
2,766
2,158
500
2011
2012
2,000 -
0
2004 2005 June Units Sold
2006
2007 2008 2009 2010 Active Residential Inventory
2000-2012 YTD Housing Supply "Absorption Rate" as of 06/30/12 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15
12
11.1 9.6 9
7.8 7.7 6.5
6
6.3
A "balanced" market is considered between 5-6 months of inventory.
3
JAN
FEB
MAR
APR
MAY
JUN
2012
2011
JUL 2010
AUG
SEP
OCT
NOV
DEC
2009
Copyright July 2012 Karen Schlosser
Residential (Single Family & Condo) Sales Volume (in $1,000's) and Units Sold June 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
2,127
1,898
2,500 1,792
1,952
1,864
2,113
2,263
2,404
2,126
2,029
1,821
$400,000
2,445
3,000
2,484
$500,000
2,000
$300,000 1,500 $200,000
$333,582
$296,017
$365,604
$325,368
$337,394
$398,289
$438,055
$465,579
$429,563
$434,427
$356,857
$329,381
$100,000
$288,976
1,000
$0
500
2000
2001
2002
2003
2004
2005
2006
2007
Sales Volume
2008
2009
2010
2011
2012
Units Sold
$175,754
$165,188
$171,887
$166,684
$181,005
$193,573
$188,495
$178,687
$167,854
$170,000
$158,691
$180,000
$162,337
$190,000
$174,890
$200,000
$190,421
Average Sales Price for Residential (Single Family & Condo) Sales June 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$160,000 $150,000 2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Copyright July 2012 Karen Schlosser
Residential Sales (Single Family) June 2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
Residential Sales (Condominium) June 2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
# of Homes Sold
# of Homes Sold
Selling Price Range
Selling Price Range
$19,000 or Under
78
$19,000 or Under
3
$20,000 thru $29,999
67
$20,000 thru $29,999
3
$30,000 thru $39,999
63
$30,000 thru $39,999
7
$40,000 thru $49,999
52
$40,000 thru $49,999
5
$50,000 thru $59,999
50
$50,000 thru $59,999
16
$60,000 thru $69,999
60
$60,000 thru $69,999
16
$70,000 thru $79,999
65
$70,000 thru $79,999
17
$80,000 thru $89,999
72
$80,000 thru $89,999
23
$90,000 thru $99,999
52
$90,000 thru $99,999
10
$100,000 thru $119,999
125
$100,000 thru $119,999
23
$120,000 thru $139,999
144
$120,000 thru $139,999
17
$140,000 thru $159,999
120
$140,000 thru $159,999
15
$160,000 thru $179,999
110
$160,000 thru $179,999
17
$180,000 thru $199,999
104
$180,000 thru $199,999
9
$200,000 thru $249,999
152
$200,000 thru $249,999
13
$250,000 thru $299,999
109
$250,000 thru $299,999
5
$300,000 thru $349,999
91
$350,000 thru $399,999
1
$350,000 thru $399,999
54
TOTAL
$400,000 thru $449,999
38
$450,000 thru $499,999
20
$500,000 thru $549,999
19
Minimum
$9,900
$550,000 thru $599,999
8
Maximum
$351,187
$600,000 thru $649,999
13
Average
$113,915
$650,000 thru $699,999
5
Median
$99,750
$700,000 thru $749,999
3
$750,000 thru $799,999
4
$800,000 thru $849,999
2
$850,000 thru $899,999
2
$950,000 thru $999,999
3
$1,000,000 thru $1,249,999
5
$1,250,000 thru $1,499,999
6
$1,500,000 thru $1,749,999
1
$1,750,000 thru $1,999,999 TOTAL
1 1698
200
Summary Price Information
Summary Price Information Minimum
$4,000
Maximum
$1,955,000
Average
$183,001
Median
$142,000
Copyright July 2012 Karen Schlosser