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