20,000
13,933
14,913
13,966
16,689
16,786 11,598
9,906
8,640
7,494
2,000
8,941
2,500
13,149
3,000
1,500
17,880
Residential (Single Family & Condo) Units Sold & Active Residential Inventory July 2000 - 2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
15,000
10,000
1,000
1,563
1,302
1,981
1,853
2,113
2,293
2,445
2,404
2,231
2,126
2,029
1,821
5,000 500
0
0 2000
2001
2002
2003
2004
2005
July Units Sold
2006
2007
2008
2009
2010
2011
Active Residential Inventory
2010-2011 YTD Housing Supply "Absorption Rate" as of 07/31/11 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15
14.4
14.5 13.4
A "balanced" market is considered between 5-6 months of inventory.
13.4 12
13.1 11.5
9.6 9
11.3
12.5
11.5 10.5
8.9 8.4
9
7.8
8.6 7.5 6
6.8
6.8
MAY
JUN
3
JAN
FEB
MAR
APR 2011
JUL
AUG
SEP
OCT
NOV
DEC
2010 (Tax Credit Through June 30, 2010)
CopyrightŠ Karen Schlosser August 2011
$500,000
$325,368
$337,394
$260,030
$400,000
$214,080
$398,289
$438,055
$465,579
$429,563
$356,857
$288,976
2,000
$329,381
2,500
$434,427
Single Family & Condo Units Sold vs. Total Dollar Sales Volume (in $1,000's) July 2000 - 2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
1,500
$300,000
1,563
1,302
1,981
1,853
2,113
2,293
2,445
2,404
2,231
$100,000 2,126
500 2,029
$200,000
1,821
1,000
0
$2000
2001
2002
2003
2004
2005
2006
July Units Sold
2007
2008
2009
2010
2011
Total Dollar Volume
$182,080
2006
$188,495
2005
$178,687
$190,000
$191,040
$200,000
$190,421
$194,723
Average Sales Price For The Month Of July 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$164,424
2009
2010
$166,366
$164,244
$167,854
$162,337
$170,000
$158,691
$180,000
$160,000
$150,000 2000
2001
2002
2003
2004
2007
2008
2011
CopyrightŠ Karen Schlosser August 2011
Residential Sales (Single Family & Condominium) for July 2011 By Selling Price Range Source: Multiple Listing Service of Greater Cincinnati, Inc. Selling Price Range
Number Of Units Sold
$19,999 or under
74
$20,000 thru $29,999
63
$30,000 thru $39,999
67
$40,000 thru $49,999
61
$50,000 thru $59,999
66
$60,000 thru $69,999
69
$70,000 thru $79,999
62
$80,000 thru $89,999
83
$90,000 thru $99,999
64
$100,000 thru $119,999
122
$120,000 thru $139,999
140
$140,000 thru $159,999
104
$160,000 thru $179,999
99
$180,000 thru $199,999
73
$200,000 thru $249,999
120
$250,000 thru $299,999
97
$300,000 thru $349,999
59
$350,000 thru $399,999
39
$400,000 thru $449,999
25
$450,000 thru $499,999
20
$500,000 thru $549,999
21
$550,000 thru $599,999
4
$600,000 thru $649,999
7
$650,000 thru $699,999
4
$700,000 thru $749,999
5
$750,000 thru $799,999
3
$800,000 thru $849,999
2
$850,000 thru $899,999
1
$900,000 thru $949,999
2
$1,000,000 thru $1,249,999
3
$1,250,000 thru $1,499,999
3
$1,500,000 thru $1,749,999
2
$2,000,000 thru $2,249,999
1
CopyrightŠ Karen Schlosser August 2011
Area Market Survey – Residential Sales (Single Family & Condo) - January 1 - July 31, 2011 Source: Multiple Listing Service of Greater Cincinnati Selling Price Range $19,999 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 $800,000 thru $849,999 $850,000 thru $899,999 $900,000 thru $949,999 $950,000 thru $999,999 $1,000,000 thru $1,249,999 $1,250,000 thru $1,499,999 $1,500,000 thru $1,749,999 $1,750,000 thru $1,999,999 $2,000,000 thru $2,249,999 $3,000,000 thru $3,249,999 $4,500,000 thru $4,749,999
Quantity 664 481 464 441 467 422 430 448 402 762 844 670 583 413 762 494 322 222 137 93 86 37 39 19 18 11 14 8 6 7 13 11 3 3 1 1 1 9799
Area Market Survey – Residential Sales (Single Family & Condo) - January 1 - July 31, 2011 Ranked by Quantity Sold Source: Multiple Listing Service of Greater Cincinnati Selling Price Range Quantity $120,000 thru $139,999 844 $100,000 thru $119,999 762 $200,000 thru $249,999 762 $140,000 thru $159,999 670 $19,999 or under 664 $160,000 thru $179,999 583 $250,000 thru $299,999 494 $20,000 thru $29,999 481 $50,000 thru $59,999 467 $30,000 thru $39,999 464 $80,000 thru $89,999 448 $40,000 thru $49,999 441 $70,000 thru $79,999 430 $60,000 thru $69,999 422 $180,000 thru $199,999 413 $90,000 thru $99,999 402 $300,000 thru $349,999 322 $350,000 thru $399,999 222 $400,000 thru $449,999 137 $450,000 thru $499,999 93 $500,000 thru $549,999 86 $600,000 thru $649,999 39 $550,000 thru $599,999 37 $650,000 thru $699,999 19 $700,000 thru $749,999 18 $800,000 thru $849,999 14 $1,000,000 thru $1,249,999 13 $750,000 thru $799,999 11 $1,250,000 thru $1,499,999 11 $850,000 thru $899,999 8 $950,000 thru $999,999 7 $900,000 thru $949,999 6 $1,500,000 thru $1,749,999 3 $1,750,000 thru $1,999,999 3 $2,000,000 thru $2,249,999 1 $3,000,000 thru $3,249,999 1 $4,500,000 thru $4,749,999 1
Copyright© Karen Schlosser August 2011