Market Stats for January 2011 - Cincinnati

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