6,216
800
12,986
12,257
13,132
16,000 11,003
9,546
8,649
7,111
1,000
8,131
1,200
10,614
1,400
15,040
12,990
1,600
14,634
Residential (Single Family & Condominium) Units Sold vs. Active Residential Inventory For The Month Of January 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
14,000 12,000 10,000 8,000
995
894
849
912
1,130
1,370
1,278
1,387
2,000
1,376
200
1,314
4,000 1,295
400 1,052
6,000
1,118
600
0
0
2000
2001
2002
2003
2004
2005
2006
January Units Sold
2007
2008
2009
2010
2011
2012
Active Residential Inventory
2010-2012 YTD Housing Supply "Absorption Rate" as of 1/31/12 The number of months it would take to sell the current inventory if the rate of sale remains the same. Source: Multiple Listing Service of Greater Cincinnati, Inc. 15
14.5 14.4
A "balanced" market is considered between 5-6 months of inventory.
13.4 13.4
12
13.1
11.1
11.5
9.6 9
8.9
8.4
9
11.3
11.5 9.2
9.2
SEP
OCT
12.5 9.8 10.5 8.4
8.3
7.8 8.6 7.5
6
6.8
6.8
MAY
JUN
3
JAN
FEB
MAR
APR 2012
2011
JUL
AUG
NOV
DEC
2010 (Tax Credit Through June 30, 2010)
CopyrightŠ Karen Schlosser February 2012
$213,403
$250,000
$200,000
$137,306
800
$125,646
$113,779
$128,003
$206,485
$203,454
$300,000
$172,793
1,000
$164,579
$166,780
1,200
$199,865
1,400
$234,216
1,600
$245,706
Number of Residential (Single Family & Condominium) Units Sold vs. Dollar Volume of Units (in $1,000's) Sold For The Month Of January 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$150,000
600 $100,000 400
995
894
849
912
1,130
1,370
1,387
1,376
1,278
1,314
1,295
1,118
1,052
$50,000 200 0
$0 2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
January Units Sold
$137,996
$140,543
$124,758
$150,769
$152,914
$155,769
$177,149
$161,569
$154,836
$154,336
$156,444
$149,177
$135,942
$126,311
$120,388
$116,235
$114,963
$104,867
$106,324
$101,765
$96,473
$150,000
$117,080
$200,000
$170,215
Average Sales Price of Single Family & Condominium Units Sold (Combined) For The Month Of January 1990-2012 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 2011 2012
CopyrightŠ Karen Schlosser February 2012
Residential Sales (Single Family & Condominium) for January 2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
Selling Price Range
Number of Homes Sold
$19,000 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 $850,000 thru $899,999 $900,000 thru $949,999 $950,000 thru $999,999 $1,000,000 thru $1,249,999 $1,500,000 thru $1,749,999 TOTAL
73 61 65 53 53 51 46 54 36 81 82 60 47 31 74 45 20 18 7 10 6 3 3 2 2 1 4 2 3 1 1 995
CopyrightŠ Karen Schlosser February 2012