may 2011 state of the cincinnati real estate market
DESCRIPTION
Charts & graphs of the residential real estate market for May 2011.TRANSCRIPT
Copyright© Karen Schlosser June 2011
2,0
93
2,1
46
2,2
14
2,3
45
2,4
53
2,6
60
2,5
84
2,3
34
1,9
07
1,6
36
2,0
97
1,6
54
6,9
96
8,2
80
8,5
72
9,5
68
10,9
24
12,2
59 1
5,7
67
17,1
07
16,0
39
14,0
52
14,2
34
13,8
80
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
0
500
1,000
1,500
2,000
2,500
3,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Residential Units Sold & Active Residential Inventory(Single Family & Condo)
May 2000-2011Source: Multiple Listing Service of Greater Cincinnati, Monthly & Yearly Updates
May Units Sold Active Residential Inventory
14.5
13.4
9 9.6
8.4
3
6
9
12
15
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2011 YTD 2010 2009 YTD 2008 YTD 2007 YTD 2006 YTD
2005 YTD 2004 YTD 2003 YTD 2002 YTD 2001 YTD 2000 YTD
2000-2011 YTD Housing Supply "Absorption Rate" as of 05/31/11
Source: Multiple Listing Service of Greater Cincinnati, Inc.
A "balanced" market is
considered between 5-6 months of inventory.
Copyright© Karen Schlosser June 2011
14.513.4
99.6
8.4
14.4
13.4
8.6
7.5
6.8 6.8
11.511.3 11.5
13.1
12.5
10.5
3
6
9
12
15
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2011
2010 (Tax Credit Through June 30, 2010)
2010-2011 YTD Housing Supply (In Months)"Absorption Rate" as of 05/31/11
Source: Multiple Listing Service of Greater Cincinnati, Inc.
A "balanced"
market is considered between 5-6
months of inventory.
2,0
93
2,14
6
2,2
14
2,3
45
2,4
53
2,6
60
2,5
84
2,3
34
1,9
07
1,6
36
2,09
7
1,6
54
$31
4,22
2
$337
,674
$35
7,81
3
$39
0,68
8
$427
,513
$482
,923
$459
,730
$412
,480
$32
4,19
4
$25
8,47
6
$276
,521
$25
2,7
52
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
0
500
1,000
1,500
2,000
2,500
3,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Residential Units Sold & Total Dollar Volume Of Sold(Single Family & Condo)
May 2000-2011Source: Multiple Listing Service of Greater Cincinnati, Inc.
May Units Sold Total Dollar Volume
AREA MARKET SURVEY - MAY 2011
Residential Units Sold (Single Family & Condo) Source: Multiple Listing Service of Greater Cincinnati
Selling Price Range Quantity Average Days
On Market
$19,999 or under 101 70
$20,000 thru $29,999 73 64
$30,000 thru $39,999 63 57
$40,000 thru $49,999 63 75
$50,000 thru $59,999 71 72
$60,000 thru $69,999 66 76
$70,000 thru $79,999 71 65
$80,000 thru $89,999 73 79
$90,000 thru $99,999 92 77
$100,000 thru $119,999 138 80
$120,000 thru $139,999 125 85
$140,000 thru $159,999 127 91
$160,000 thru $179,999 114 97
$180,000 thru $199,999 71 100
$200,000 thru $249,999 138 89
$250,000 thru $299,999 93 110
$300,000 thru $349,999 61 93
$350,000 thru $399,999 39 116
$400,000 thru $449,999 20 84
$450,000 thru $499,999 17 110
$500,000 thru $549,999 13 175
$550,000 thru $599,999 4 145
$600,000 thru $649,999 6 181
$650,000 thru $699,999 2 33
$700,000 thru $749,999 1 93
$750,000 thru $799,999 3 26
$800,000 thru $849,999 2 73
$850,000 thru $899,999 1 170
$900,000 thru $949,999 1 27
$950,000 thru $999,999 1 361
$1,000,000 thru $1,249,999 2 149
$1,750,000 thru $1,999,999 2 392
TOTAL 1654 85
Copyright© Karen Schlosser June 2011
$150
,130
$157
,350
$161
,614
$166
,605
$174
,282
$181
,550
$177
,914
$176
,727
$170
,002
$157
,993
$159
,171
$152
,813
$150,000
$200,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Average Sales Price Of Residential Units Sold(Single Family & Condo)
May 2000-2011Source: Multiple Listing Service of Greater Cincinnati, Inc.