16,000 14,000 12,000 10,000 8,000
1,000
6,000 4,000 1,799
1,583
1,302
1,981
1,853
2,113
2,293
2,445
2,404
2,231
2,126
2,029
1,821
500 0
Active Residential Inventory
18,000 12,025
13,933
13,966
14,913
20,000
13,149
11,598
9,906
8,640
1,500
8,941
2,000 7,494
Residential Units Sold
2,500
16,689
3,000
17,880
16,786
Residential Units Sold vs. Active Residential Inventory July 2000-2012 Source: Multiple Listing Service of Greater Cincinnati, Inc.
2,000 0
2000
2001
2002
2003
2004
2005
2006
July Units Sold
2007
2008
2009
2010
2011
2012
Active Residential Inventory
2000-2012 YTD Number of Months of Housing Supply As of 07/31/12 Source: Multiple Listing Service of Greater Cincinnati, Inc. 15
12
11.1 9.6 9
7.8 7.7 6.5
6
6.7
6.3
A "balanced" market is considered between 5-6 months of inventory.
3
JAN
FEB
MAR
APR
MAY
2012
JUN
2011
JUL
2010
AUG
SEP
OCT
NOV
DEC
2009 Copyright August 2012 Karen Schlosser