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