16,000 14,000 12,000 10,000 8,000
1,000
6,000 4,000 1,799
1,583
1,302
1,981
1,853
2,113
2,293
2,445
2,404
2,231
2,126
2,029
1,821
500 0
Active Residential Inventory
18,000 12,025
13,933
13,966
14,913
20,000
13,149
11,598
9,906
8,640
1,500
8,941
2,000 7,494
Residential Units Sold
2,500
16,689
3,000
17,880
16,786
Residential Units Sold vs. Active Residential Inventory July 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
2,000 0
2000
2001
2002
2003
2004
2005
2006
July Units Sold
2007
2008
2009
2010
2011
2012
Active Residential Inventory
2000-2012 YTD Number of Months of Housing Supply As of 07/31/12 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15
12
11.1 9.6 9
7.8 7.7 6.5
6
6.7
6.3
A "balanced" market is considered between 5-6 months of inventory.
3
JAN
FEB
MAR
APR
MAY
2012
JUN
2011
JUL
2010
AUG
SEP
OCT
NOV
DEC
2009 Copyright August 2012 Karen Schlosser
$500,000
$262,948
$214,080
1,500
$299,388
$450,000 $325,368
$337,394
$438,055
$465,579
$429,563
$398,289
$329,381
$288,976
2,000
$356,857
2,500
$434,427
Single Family & Condo Units Sold vs. Total Dollar Sales Volume (in $1,000's) In July 2000 - 2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$400,000 $350,000 $300,000 $250,000
1,000
$200,000 $150,000
2,029
2,126
2,231
2,404
2,445
2,293
2,113
1,853
1,981
1,302
1,583
1,799
$100,000 1,821
500
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
$50,000
0
$-
July Units Sold
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 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
2010
$166,419
2009
$166,107
$164,424
$167,854
$164,244
$158,691
$170,000
$162,337
$180,000
2011
2012
$160,000
$150,000 2000
2001
2002
2003
2004
2007
2008
Copyright August 2012 Karen Schlosser
Residential Sales (Single Family) July 2012
Residential Sales (Condominium) July 2012
Source: Multiple Listing Service of Greater Cincinnati, Inc.
Source: Multiple Listing Service of Greater Cincinnati, Inc.
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 $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 TOTAL
# of Homes Sold 83 76 74 61 58 63 65 71 85 153 167 144 117 95 164 109 70 36 28 23 11 10 6 3 7 3 2 3 3 1 4 2 2 1799
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 $400,000 thru $449,999 $450,000 thru $499,999 TOTAL
# of Homes Sold 2 9 10 5 9 8 13 9 14 31 21 17 11 6 14 12 4 1 1 197
Summary Price Information Minimum $15,000 Maximum $485,000 Median $111,000 Average $126,123
Summary Price Information Minimum $2,200 Maximum $1,700,000 Median $136,250 Average $171,375
Copyright August 2012 Karen Schlosser