$450,000 $325,368
$337,394
$400,000 $350,000 $214,080
$438,055
$465,579
$429,563
$500,000
$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) July 2000 - 2010 Source: Multiple Listing Service of Greater Cincinnati, Inc.
1,500
$300,000 $250,000 $200,000
1,000
$150,000 $100,000 1,821
2,029
2,126
2,231
2,404
2,445
2,293
2,113
1,853
1,981
1,302
500
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
$50,000 $-
0
July Units Sold
Total Dollar Volume
2000-2010 YTD Housing Supply "Absorption Rate" as of 07/31/10 Source: MLS of Greater Cincinnati, Inc. 14.4
15
A "balanced" market is considered between 5-6 months of inventory.
13.4
12
11.5
8.6
9
7.5 6.8
6.8
6
3
JAN
FEB 2010 YTD 2004 YTD
MAR
APR 2009 YTD 2003 YTD
MAY
JUN 2008 YTD 2002 YTD
JUL
AUG 2007 YTD 2001 YTD
SEP
OCT
2006 YTD 2000 YTD
NOV
DEC
2005 YTD
Copyright© Karen Schlosser August 2010