July 2011 - State of the Market

20,000

13,933

14,913

13,966

16,689

16,786 11,598

9,906

8,640

7,494

2,000

8,941

2,500

13,149

3,000

1,500

17,880

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

15,000

10,000

1,000

1,563

1,302

1,981

1,853

2,113

2,293

2,445

2,404

2,231

2,126

2,029

1,821

5,000 500

0

0 2000

2001

2002

2003

2004

2005

July Units Sold

2006

2007

2008

2009

2010

2011

Active Residential Inventory

2010-2011 YTD Housing Supply "Absorption Rate" as of 07/31/11 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15

14.4

14.5 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

12.5

11.5 10.5

8.9 8.4

9

7.8

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 August 2011

$500,000

$325,368

$337,394

$260,030

$400,000

$214,080

$398,289

$438,055

$465,579

$429,563

$356,857

$288,976

2,000

$329,381

2,500

$434,427

Single Family & Condo Units Sold vs. Total Dollar Sales Volume (in $1,000's) July 2000 - 2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.

1,500

$300,000

1,563

1,302

1,981

1,853

2,113

2,293

2,445

2,404

2,231

$100,000 2,126

500 2,029

$200,000

1,821

1,000

0

$2000

2001

2002

2003

2004

2005

2006

July Units Sold

2007

2008

2009

2010

2011

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 2000-2011 Source: Multiple Listing Service of Greater Cincinnati, Inc.

$164,424

2009

2010

$166,366

$164,244

$167,854

$162,337

$170,000

$158,691

$180,000

$160,000

$150,000 2000

2001

2002

2003

2004

2007

2008

2011

CopyrightŠ Karen Schlosser August 2011

Residential Sales (Single Family & Condominium) for July 2011

By Selling Price Range Source: Multiple Listing Service of Greater Cincinnati, Inc. Selling Price Range

Number Of Units Sold

$19,999 or under

74

$20,000 thru $29,999

63

$30,000 thru $39,999

67

$40,000 thru $49,999

61

$50,000 thru $59,999

66

$60,000 thru $69,999

69

$70,000 thru $79,999

62

$80,000 thru $89,999

83

$90,000 thru $99,999

64

$100,000 thru $119,999

122

$120,000 thru $139,999

140

$140,000 thru $159,999

104

$160,000 thru $179,999

99

$180,000 thru $199,999

73

$200,000 thru $249,999

120

$250,000 thru $299,999

97

$300,000 thru $349,999

59

$350,000 thru $399,999

39

$400,000 thru $449,999

25

$450,000 thru $499,999

20

$500,000 thru $549,999

21

$550,000 thru $599,999

4

$600,000 thru $649,999

7

$650,000 thru $699,999

4

$700,000 thru $749,999

5

$750,000 thru $799,999

3

$800,000 thru $849,999

2

$850,000 thru $899,999

1

$900,000 thru $949,999

2

$1,000,000 thru $1,249,999

3

$1,250,000 thru $1,499,999

3

$1,500,000 thru $1,749,999

2

$2,000,000 thru $2,249,999

1

CopyrightŠ Karen Schlosser August 2011

Area Market Survey – Residential Sales (Single Family & Condo) - January 1 - July 31, 2011 Source: Multiple Listing Service of Greater Cincinnati 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 $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 $1,750,000 thru $1,999,999 $2,000,000 thru $2,249,999 $3,000,000 thru $3,249,999 $4,500,000 thru $4,749,999

Quantity 664 481 464 441 467 422 430 448 402 762 844 670 583 413 762 494 322 222 137 93 86 37 39 19 18 11 14 8 6 7 13 11 3 3 1 1 1 9799

Area Market Survey – Residential Sales (Single Family & Condo) - January 1 - July 31, 2011 Ranked by Quantity Sold Source: Multiple Listing Service of Greater Cincinnati Selling Price Range Quantity $120,000 thru $139,999 844 $100,000 thru $119,999 762 $200,000 thru $249,999 762 $140,000 thru $159,999 670 $19,999 or under 664 $160,000 thru $179,999 583 $250,000 thru $299,999 494 $20,000 thru $29,999 481 $50,000 thru $59,999 467 $30,000 thru $39,999 464 $80,000 thru $89,999 448 $40,000 thru $49,999 441 $70,000 thru $79,999 430 $60,000 thru $69,999 422 $180,000 thru $199,999 413 $90,000 thru $99,999 402 $300,000 thru $349,999 322 $350,000 thru $399,999 222 $400,000 thru $449,999 137 $450,000 thru $499,999 93 $500,000 thru $549,999 86 $600,000 thru $649,999 39 $550,000 thru $599,999 37 $650,000 thru $699,999 19 $700,000 thru $749,999 18 $800,000 thru $849,999 14 $1,000,000 thru $1,249,999 13 $750,000 thru $799,999 11 $1,250,000 thru $1,499,999 11 $850,000 thru $899,999 8 $950,000 thru $999,999 7 $900,000 thru $949,999 6 $1,500,000 thru $1,749,999 3 $1,750,000 thru $1,999,999 3 $2,000,000 thru $2,249,999 1 $3,000,000 thru $3,249,999 1 $4,500,000 thru $4,749,999 1

Copyright© Karen Schlosser August 2011