Cincinnati 2012 Housing Market Turns Around

6,616

5,916

6,318

10,837

12,582

11,635

14,000 12,000 9,376

9,165

8,242

6,755

7,053

6,292

6,140

5,693

5,692

6,286

1,200

5,941

1,400

7,841

1,600

14,586

10,350

1,800

16,000 13,273

12,245

2,000

14,053

Number of Residential Units Sold vs. Active Residential Inventory (Single Family & Condo) December 1990-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.

10,000 8,000

1,379

1,306

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 2011 2012 Dec Units Sold

Active Residential Inventory

2000-2012 YTD Number of Months of Housing Supply As of December 31, 2012 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15

12

11.1 9.6

9

7.7

7.8 7.3 6.5

6.3

6.7

6.7

6.7

6.8

NOV

DEC

6

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

2009

CopyrightŠ January 2013 Karen Schlosser

Active Residential Inventory (Single Family & Condominium) January - December 2005-2012YTD Source: Multiple Listing Service of Greater Cincinnati, Inc. 19,000 18,000 17,000 16,000 15,000 14,000 13,000 12,000 11,000 10,000 9,000 8,000 7,000 6,000 JAN

FEB

2005

MAR 2006

APR

MAY

2007

JUN 2008

JUL

AUG

2009

SEP

2010

OCT 2011

NOV

DEC

2012

Residential (Single Family & Condo) Unit Sales 2009-2012 YTD Source: Multiple Listing Service of Greater Cincinnati, Inc. NOTE: There was a tax credit from April 9, 2008* - April 30, 2010 *This tax credit was instituted in November 2008 and retroactive 2,300 2,100 1,900 1,700 1,500 1,300 1,100 900 700 500 Jan

Feb

Mar

Apr

May 2009

Jun 2010

Jul 2011

Aug

Sep

Oct

Nov

Dec

2012

CopyrightŠ January 2013 Karen Schlosser

Residential Average Sales Price Single Family & Condominiums 2009-2012 YTD SOURCE: All Market Areas in Multiple Listing Service of Greater Cincinnati, Inc. $180,000 $170,000 $160,000 $150,000 $140,000 $130,000 $120,000 JAN

FEB

MAR

APR 2012

MAY

JUN

2011

JUL 2010

AUG

SEP

OCT

NOV

DEC

2009

Average Sales Price To List Price1 Percentage Time Frames Based on Cumulative Days on Market2 For Residential Listings (Single Family & Condo) Sold January-December 2012 Source: Multiple Listing Service of Greater Cincinnati 100% 99% 98% 97% 96% 95% 94% 93% 92% 91% 90%

96.84% 94.86%

0-30 Days

31-60 Days

94.07%

94.02%

61-90 Days

91-120 Days

93.38%

120+ Days

1List

Price is defined as the asking price at the time an offer is accepted which may be lower than the original price the property was offered at as a result of one (1) or more price reductions. Example: A home comes on the market at $200,000 over time reduces to $185,000, an offer is then accepted, the sales price is measured from the $185,000 list price not the $200,000, that difference would result in at least a 92.5% sale price to list price ratio, probably less.

2Cumulative

Days On Market is the total time a property has been listed on the market whether by one agent or multiple agents including re-lists by the same agent. There will be an exclusion of number of days when a property was off the market for more than a 30-day period of time.

CopyrightŠ January 2013 Karen Schlosser

$156,160

$151,397

$158,869

$150,873

$161,404

$172,894

$177,819

$179,989

$172,095

$167,638

$162,365

$155,512

$135,655

$129,259

$122,669

$117,905

$115,605

$113,006

$107,687

$105,401

$100,723

$96,798

$151,567

Average Sales Price - Residential (Single Family & Condo) Year End 1990-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

CopyrightŠ January 2013 Karen Schlosser

Residential Sales (Single Family) December 2012

Residential Sales (Condominium) December 2012

Source: Multiple Listing Service of Greater Cincinnati, Inc.

Source: Multiple Listing Service of Greater Cincinnati, Inc.

Selling Price Range

# of Homes Sold

Selling Price Range

# of Homes Sold

$19,000 or Under

80

$19,000 or Under

1

$20,000 thru $29,999

61

$20,000 thru $29,999

4

$30,000 thru $39,999

67

$30,000 thru $39,999

8

$40,000 thru $49,999

55

$40,000 thru $49,999

6

$50,000 thru $59,999

40

$50,000 thru $59,999

11

$60,000 thru $69,999

47

$60,000 thru $69,999

11

$70,000 thru $79,999

40

$70,000 thru $79,999

6

$80,000 thru $89,999

57

$80,000 thru $89,999

10

$90,000 thru $99,999

42

$90,000 thru $99,999

4

$100,000 thru $119,999

103

$100,000 thru $119,999

19

$120,000 thru $139,999

117

$120,000 thru $139,999

16

$140,000 thru $159,999

98

$140,000 thru $159,999

10

$160,000 thru $179,999

79

$160,000 thru $179,999

9

$180,000 thru $199,999

58

$180,000 thru $199,999

4

$200,000 thru $249,999

90

$200,000 thru $249,999

7

$250,000 thru $299,999

75

$250,000 thru $299,999

5

$300,000 thru $349,999

35

$300,000 thru $349,999

1

$350,000 thru $399,999

31

$350,000 thru $399,999

5

$400,000 thru $449,999

11

$450,000 thru $499,999

1

$450,000 thru $499,999

16

$600,000 thru $649,999

3

$500,000 thru $549,999

6

$550,000 thru $599,999

5

$600,000 thru $649,999

8

Minimum

$19,950

$650,000 thru $699,999

4

Average

$135,413

$700,000 thru $749,999

3

Maximum

$635,729

$750,000 thru $799,999

3

Median

$115,000

$800,000 thru $849,999

3

$850,000 thru $899,999

1

$900,000 thru $949,999

1

$1,250,000 thru $1,499,999

1

$3,000,000 thru $3,249,999

1

Summary Price Information

Summary Price Information Minimum $2,000 Average $155,687 Maximum $3,147,851 Median $124,375

CopyrightŠ January 2013 Karen Schlosser