13,014
14,665
16,032
13,484
12,003
10,043
8,839
7,551
1,500
9,129
2,000
20,000
13,500
16,554
2,500
17,595
Residential (Single Family & Condo) Units Sold & Active Residential Inventory September 2000 - 2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
15,000
10,000
1,000 5,000 1,419
1,278
1,822
1,635
1,714
2,030
2,476
2,220
2,320
1,790
1,657
1,755
500
0
0 2000
2001
2002
2003
2004
2005
Sep Units Sold
2006
2007
2008
2009
2010
2011
Active Residential Inventory
2010-2011 YTD Housing Supply "Absorption Rate" as of 09/30/11 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15
A "balanced" market is considered between 5-6 months of inventory.
14.5 14.4
13.4 13.4
12
13.1 12.5 11.5
9.6 9 8.4
9
11.3
8.9 8.3
7.8
11.5 10.5
9.2
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 October 2011
$500,000 $450,000 $277,557
$400,000
1,500
$300,000 $250,000 $200,000
1,000
Sales Volume
$214,290
$350,000 $200,450
$256,943
$282,086
$363,632
$288,211
$252,337
Units Sold
2,000
$271,199
2,500
$378,960
$384,827
3,000
$445,517
Number of Residential Units vs. Dollar Volume (in $1,000's) of Residential Units Sold September 2000-2011 Source: Multiple Listing Service of Greater Cincinnati
$150,000 $100,000 1,419
1,278
1,822
1,635
1,714
2,030
2,476
2,220
2,320
1,790
1,657
1,755
500 0
$50,000 $-
2000
2001
2002
2003
2004
2005
2006
Sept Units Sold
2007
2008
2009
2010
2011
Sales Volume
$151,015
$156,847
$152,336
2006
$157,152
2005
$164,578
$170,703
$161,012
$179,129
$160,000
$152,285
$170,000
$154,529
$180,000
$165,874
$190,000
$179,934
Residential (Single Family & Condo) Average Sales Price September 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.
$150,000 $140,000 $130,000 $120,000 2000
2001
2002
2003
2004
2007
2008
2009
2010
2011
CopyrightŠ Karen Schlosser October 2011
Residential Sales (Single Family & Condominium) for August 2011 Source: Multiple Listing Service of Greater Cincinnati, Inc. 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 $800,000 thru $849,999 $850,000 thru $899,999 $950,000 thru $999,999 $1,000,000 thru $1,249,999 $1,250,000 thru $1,499,999 $1,750,000 thru $1,999,999 Total
Number of Units Sold 84 67 61 69 45 63 59 72 51 141 126 105 70 68 117 76 57 24 18 16 3 5 3 7 2 2 1 1 3 2 1 1419
Average Days on Market 64 59 85 74 56 90 97 90 97 84 83 79 96 100 97 82 83 133 112 97 65 109 178 129 358 50 20 509 10 387 59
CopyrightŠ Karen Schlosser October 2011