October 2011 - State of the Market

18,000 12,644

14,094

12,896

15,403

16,425 11,789

10,173

9,231

8,837

2,000

7,579

13,523

2,500

1,500

17,072

Residential (Single Family & Condo) Units Sold & Active Residential Inventory October 2000 - 2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.

16,000 14,000 12,000 10,000 8,000

1,000

6,000 4,000 1,611

1,709

1,812

2,063

2,061

2,124

1,981

1,740

1,485

1,720

1,071

1,380

500

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

0

2,000

0 October Units Sold

Active Residential Inventory

2010-2011 YTD Housing Supply "Absorption Rate" as of 10/31/11 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15

14.5 14.4

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

8.9 8.4

9

12.5

11.5 9.2

9.2

SEP

OCT

10.5

8.3 7.8

8.6 7.5 6

6.8

6.8

MAY

JUN

3

JAN

FEB

MAR

APR 2011

JUL

AUG

NOV

DEC

2010 (Tax Credit Through June 30, 2010)

CopyrightŠ Karen Schlosser November 2011

$300,000 $250,000 $200,000

1,000

Sales Volume

$197,366

1,500

$350,000

$173,261

$228,594

$258,934

$400,000

$290,602

$338,490

$377,625

$345,456

$264,593

$250,688

Units Sold

2,000

$294,364

2,500

$357,281

Number of Residential Units vs. Dollar Volume (in $1,000's) of Residential Units Sold October 2000-2011 Source: Multiple Listing Service of Greater Cincinnati

$150,000 $100,000 1,380

1,071

1,720

1,485

1,740

1,981

2,124

2,061

2,063

1,812

1,709

1,611

500

0

$50,000 $-

2000

2001

2002

2003

2004

2005

Oct Units Sold

2006

2007

2008

2009

2010

2011

Oct Sales Volume

$124,440

$116,062

$103,312

$110,000

$100,296

$120,000

$102,937

$130,000

$108,827

$140,000

$123,303

$143,019

$161,614

$150,543

$153,935

$167,013

$170,868

$177,790

$167,453

$154,823

$145,847

$150,000

$130,075

$160,000

$140,949

$170,000

$155,610

$180,000

$162,453

$190,000

$173,353

Residential (Single Family & Condo) Average Sales Price October 1990-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$100,000 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 November 2011

Residential Sales (Single Family & Condominium) for October 2011 Source: Multiple Listing Service of Greater Cincinnati, Inc. Selling Price Range

Number of Units Sold

$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 $900,000 thru $949,999 $950,000 thru $999,999 $1,500,000 thru $1,749,999 $2,000,000 thru $2,249,999 $2,250,000 thru $2,499,999

82 90 74 65 64 47 59 75 60 133 121 92 77 49 105 68 44 20 14 10 8 3 4 4 3 2 1 1 1 1 2 1 1380

CopyrightŠ Karen Schlosser November 2011