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