9,546
8,649
8,131
7,111
6,216
6,484
7,346
6,625
6,384
5,899
6,210
6,697
6,351
800
6,088
1,000
7,377
1,200
12,986
12,257
13,132
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 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc. 16,000 14,000 12,000 10,000 8,000
894
849
912
1,130
1,370
1,387
1,376
1,278
1,314
1,295
1,052
1,118
1108
1063
984
793
921
2,000
942
200
912
4,000
760
400
664
6,000
795
600
0
0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
January Units Sold
2000-2011 YTD Monthly Housing Supply "Absorption Rate" as of 01/31/11 Source: Multiple Listing Service of Greater Cincinnati, Inc.
14.5 15
14.4
Active Residential Inventory
13.4
13.1
A "balanced" market is considered between 5-6 months of
12
12.5 11.5
11.3
11.5 10.5
8.6
9
7.5 6.8
6.8
MAY
JUN
6
3 JAN
FEB
MAR
APR
2011 YTD 2007 YTD 2003 YTD
2010 YTD 2006 YTD 2002 YTD
JUL
AUG 2009 YTD 2005 YTD 2001 YTD
SEP
OCT
NOV
DEC
2008 YTD 2004 YTD 2000 YTD
CopyrightŠ Karen Schlosser February 2011
$300,000
$200,000
$125,646
$113,779
$128,003
$250,000 $172,793
$213,403
$245,706
$206,485
$203,454
$164,579
$150,624
$134,269
$107,052
$91,166
$110,289
$95,639
600
$67,572
$76,696
800
$80,806
1,000
$118,462
1,200
$166,780
1,400
$199,865
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 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$150,000
$100,000
400
894
849
912
1,130
1,370
1,387
1,376
1,278
1,314
1,295
1,052
1,118
1108
1063
984
921
793
942
912
760
795
664
$50,000 200 0
$0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
January Units Sold
Dollar Volume of Solds
$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 1990-2010 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
CopyrightŠ Karen Schlosser February 2011
$110,855
$121,186
$130,160
$143,622
$153,091
$156,591
$152,942 $154,289
2005
$157,885
2004
$129,110
2003
$133,163
2002
$131,588
2001
$123,186
2000
$119,531
$110,996
$100,000
$108,432
$150,000
$159,219
$179,416
$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 January2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$50,000
Avg. Sales Price of Single Family
2006
2007
2008
2009
2010
2011
Avg. Sales Price of Condominium
Residential (Single Family & Condo) Unit Sales 2005-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
NOTE: There was a tax credit from April 9, 2008* - April 30, 2010 *Although the tax credit was retroactive to April 9, 2008 it was not announced until September 2008. 3,000 2,500 2,000 1,500 1,000
500
849 Jan 2010
894 Jan 2011
Jan
Feb
Mar 2011
Apr 2010
May 2009
Jun
Jul 2008
Aug 2007
Sep 2006
Oct
Nov
Dec
2005
CopyrightŠ Karen Schlosser February 2011