Cincinnati Real Estate Market January 2013

6,216

800

14,000 9,451

12,986

12,257

13,132

16,000 11,003

9,546

8,649

8,131

1,000

7,111

1,200

10,614

1,400

14,634

12,990

1,600

15,040

Residential (Single Family & Condominium) Units Sold vs. Active Residential Inventory For The Month Of January 2000-2013 Source: Multiple Listing Service of Greater Cincinnati, Inc.

12,000 10,000 8,000

1,376

1,387

1,370

1,130

912

849

894

995

1,294

2,000

1,278

200

1,314

4,000 1,295

400 1,052

6,000

1,118

600

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0

0 January Units Sold

Active Residential Inventory

2009-2013 YTD Number of Months of Housing Supply As of January 31, 2013 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15

12

9 7.3 Months of Housing Supply January 2013

6

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

3

JAN

FEB

MAR

APR

2013

MAY

2012

JUN

JUL

2011

AUG

2010

SEP

OCT

NOV

DEC

2009 CopyrightŠ Karen Schlosser February 2013

$250,000

$180,142

$137,306

800

$125,646

$128,003

$113,779

$213,403

$245,706

$206,485

$300,000

$172,793

1,000

$199,865

1,200

$164,579

$166,780

1,400

$203,454

1,600

$234,216

Number of Residential (Single Family & Condominium) Units Sold vs. Dollar Volume of Units (in $1,000's) Sold For The Month Of January 2000-2013 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$200,000

$150,000

600 $100,000 400 $50,000 1,118

1,052

1,295

1,314

1,278

1,376

1,387

1,370

1,130

912

849

894

995

1,294

200

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0

$0

January Units Sold

Dollar Volume of Solds

$141,591 $119,921

$139,219 $127,952

$143,622 $110,855

$153,091

$156,591 $121,186

$159,219

$179,416

$152,942

$130,160

2005

$154,289

$133,163

2004

$129,110

$131,588

2001

$123,186

2000

$119,531

$110,996

$100,000

$108,432

$150,000

$157,885

$174,647

$165,556

$159,068

$159,033

$153,714

$200,000

$161,859

Average Sales Price for Single Family and Condominium Units Sold For The Month Of January 2000-2013 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$50,000 2002

2003

Avg. Sales Price of Single Family

2006

2007

2008

2009

2010

2011

2012

2013

Avg. Sales Price of Condominium

CopyrightŠ Karen Schlosser February 2013

Residential Sales (Single Family) January 2013

Residential Sales (Condominium) January 2013

Source: Multiple Listing Service of Greater Cincinnati, Inc.

Source: Multiple Listing Service of Greater Cincinnati, Inc. # of Selling Price Range Homes Sold $19,000 or Under 3 $20,000 thru $29,999 3 $30,000 thru $39,999 14 $40,000 thru $49,999 8 $50,000 thru $59,999 9 $60,000 thru $69,999 9 $70,000 thru $79,999 13 $80,000 thru $89,999 9 $90,000 thru $99,999 4 $100,000 thru $119,999 13 $120,000 thru $139,999 10 $140,000 thru $159,999 15 $160,000 thru $179,999 6 $180,000 thru $199,999 4 $200,000 thru $249,999 10 $250,000 thru $299,999 7 $300,000 thru $349,999 3 $500,000 thru $549,999 1 $550,000 thru $599,999 1

Selling Price Range $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 $1,500,000 thru $1,749,999

# of Homes Sold 89 72 64 43 45 42 41 64 47 111 90 62 69 65 89 57 30 20 15 9 7 8 4 2 3 3

Summary Price Information Minimum $16,000 Average $119,921 Maximum $580,000 Median $95,705

1

Summary Price Information Minimum $1,925 Average $141,591 Maximum $1,700,000 Median $110,750

CopyrightŠ Karen Schlosser February 2013

Residential (Single Family & Condo) Unit Sales 2009-2013 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

Unit Sales January 2013

1,500 1,300 1,100 900 700 500 Jan

Feb

Mar

Apr 2009

May

Jun

2010

Jul

2011

Aug 2012

Sep

Oct

Nov

Dec

2013

Residential Average Sales Price Single Family & Condominiums 2009-2013 YTD SOURCE: All Market Areas in Multiple Listing Service of Greater Cincinnati, Inc. $180,000

$170,000

$160,000

$150,000 $139,213 January 2013 $140,000

$130,000

$120,000 JAN

FEB

MAR 2013

APR 2012

MAY

JUN 2011

JUL 2010

AUG

SEP

OCT

NOV

DEC

2009 CopyrightŠ Karen Schlosser February 2013