December 2010 & Year End - State of the Market Charts

9,165

8,242

6,616

5,916

6,318

6,755

7,053

6,292

6,140

5,693

5,692

6,286

1,200

5,941

1,400

7,841

1,600

12,582

13,273

14,586

16,000 11,635

10,350

1,800

12,245

2,000

14,053

Number of Residential Units Sold vs. Active Residential Inventory (Single Family & Condo) December 1990-2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.

14,000 12,000 10,000 8,000

1,196

1,306

1,271

1,351

1,674

1,773

1,794

1,700

1,575

1,524

1,209

1,377

1,537

1,390

1,191

1,075

1,087

1,302

4,000

1,308

800 992

6,000

794

1,000

600

2,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Dec Units Sold

Active Residential Inventory

2000-2010 YTD Housing Supply "Absorption Rate" as of 12/31/10 Source: Multiple Listing Service of Greater Cincinnati, Inc. 14.4

15

13.4

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

12

13.1 12.5 11.5

11.3

11.5 10.5

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

2006 YTD 2000 YTD

NOV

DEC

2005 YTD

CopyrightŠ Karen Schlosser January 2011

$77,479

800 600

$292,906

$191,924

$199,555

$179,568

$300,000

$179,973

$319,123

$315,014

$350,000

$230,067

$203,914

$185,135

$139,855

$126,357

$123,555

$143,020

1,000

$102,594

1,200

$135,322

1,400

$171,264

1,600

$241,025

1,800

$261,226

2,000

$299,030

Number of Units Sold vs. Dollar Volume of Units Sold (Volume in 1,000's) Residential (Single Family & Condo) December 1990-2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$250,000

$200,000

$150,000

$100,000

400

$50,000 199019911992199319941995199619971998199920002001200220032004200520062007200820092010

$160,472

$152,799

$141,600

$175,593

$175,900

$158,153

$144,424

$134,448

$132,670

$117,427

$117,541

$113,666

$109,846

$103,457

$110,000

$97,581

$130,000

$103,421

$150,000

$123,212

$170,000

$148,526

$190,000

$165,858

Average Sales Price - December 1990-2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$174,974

Dollar Volume of Units Sold (in $1,000's)

$179,990

Units Sold

$90,000

$70,000

$50,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

CopyrightŠ Karen Schlosser January 2011

$2,651,678

$4,000,000 $2,830,101

$3,040,169

$4,766,131

$4,495,183

$3,869,611

$3,329,391

$2,831,943

$2,656,410

$2,251,352

$2,126,291

$3,000,000

16,691

18,783

18,726

22,256

25,211

26,554

25,525

23,772

22,050

21,320

20,156

20,876

20,551

18,353

$1,823,434

15,773

$5,000,000

$2,000,000

18,034

$1,819,617

16,102

$1,637,081

$1,799,986

12,000

15,532

14,000

$1,319,350 13,630

16,000

$1,362,879 13,531

18,000

16,715

20,000

$3,053,114

24,000 22,000

$3,581,023

26,000

$3,988,071

28,000

$4,413,585

Number of Residential Units Sold vs. Dollar Volume of Residential Units Sold (Volume in 1,000's) January-December 1990-2010 YTD Source: Multiple Listing Service of Greater Cincinnati

10,000

$1,000,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Jan-Dec Units Sold

$ Volume of Solds (in $1,000's)

$158,869

$150,873

$161,404

$172,894

$177,819

$179,989

$172,095

$162,365

$155,512

$151,567

$135,655

$129,259

$122,669

$117,905

$113,006

$107,687

$105,401

$100,723

$96,798

$150,000

$115,605

$200,000

$167,638

Average Sales Price - Residential (Single Family & Condo) Year End 1990-2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$100,000

$50,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

CopyrightŠ Karen Schlosser January 2011