Sales Down 1%

As Compared To May 2013

Average Sales Price

$182,787 Up 4% Over

May 2013

Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of May 31, 2014

Source: Multiple Listing Service of Greater Cincinnati, Inc. Copyright© Karen Schlosser June 2014

Source of Purchase Funds

27% Cash

51% Conventional

17% FHA

4% VA

3% Other

4.3 Months Housing Supply

(4.6 Months, April 2014)

47% of homes sold were on the market for less than a month.

(April 2014, 42%)

24% were on the market 4

months or longer. (April 2014, 30%)

Lender-Involved Sales Bank-Owned (REO)

Pre-Foreclosure Short Sales 18%

Seller’s Market

When housing supply drops below 5-6 months, it is considered a Seller’s

market. Check out what’s happening in your

neck of the woods! Average DOM*

for Sales

Single Family

82 Days

Condo 106 Days

*Days on Market

Houses Worth More Or Higher-Priced Homes Selling? Knowing lender-involved sales are down significantly, the dramatic increase in average sales price, I believe, is due to higher-priced homes being the dominant commodity! Attention Sellers: If you are currently on the market and have not received an offer, this is not an invitation to increase your asking price.

Inventory Shrinkage Continues! Housing supply is lower than it was in May 2004, 10 years ago (seems like only yesterday), at 4.3 months we have ourselves a seller’s market. Caveat Emptor (buyer beware), the house of your dreams may cost you more; but, you can still take advantage of some great low interest rates…all is not lost.

Copyright© Karen Schlosser May 2014

$151,000 $155,408

$158,689 $165,615

$182,787

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Residential Average Sales PriceSingle Family & Condominiums

2012-2014 YTDSOURCE: All Market Areas in Multiple Listing Service of Greater Cincinnati, Inc.

2014 2013 2012

3

4

5

6

7

8

9

10

11

12

13

14

15

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2014 2013 2012 2011 2010 2009

2009-2014 YTD Number of Months of Housing Supply Source: Multiple Listing Service of Greater Cincinnati, Inc.

A "balanced" market is considered between 5-6 months of inventory.

Inventory Continues To Increase…

Does 1% Less Really Count As “Down”? Technically it does, but it’s so close to last year we should call it break even when it comes to describing the difference between May 2014 and 2013.

Copyright© Karen Schlosser May 2014

8,529 8,547 8,789 9,232 9,622

6,0007,0008,0009,000

10,00011,00012,00013,00014,00015,00016,00017,00018,00019,000

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Active Residential Inventory (Single Family & Condominium)January - December 2005-2014YTD

Source: Multiple Listing Service of Greater Cincinnati, Inc.

2014 2013 2012 2011 2010 2009 2008 2007 2006 2005

1,2081,301

1639

20272256

500

1000

1500

2000

2500

3000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Residential (Single Family & Condo) Unit Sales 2009-2013 YTDSource: Multiple Listing Service of Greater Cincinnati, Inc.

NOTE: There was a tax credit from April 9, 2008*- April 30, 2010*This tax credit was instituted in November 2008 and retroactive

2014 2013 2012 2011 2010 2009

Residential Sales - Single Family

May 2014 Residential Sales - Condominium May 2014

Source: Multiple Listing Service of Greater Cincinnati, Inc. Source: Multiple Listing Service of

Greater Cincinnati, Inc.

Selling Price Range # of

Homes Sold

Selling Price Range # of

Homes Sold

$19,000 or Under 75 $19,000 or Under 4 $20,000 thru $29,999 66 $20,000 thru $29,999 5 $30,000 thru $39,999 68 $30,000 thru $39,999 12 $40,000 thru $49,999 58 $40,000 thru $49,999 15 $50,000 thru $59,999 54 $50,000 thru $59,999 19 $60,000 thru $69,999 46 $60,000 thru $69,999 18 $70,000 thru $79,999 87 $70,000 thru $79,999 16 $80,000 thru $89,999 72 $80,000 thru $89,999 16 $90,000 thru $99,999 74 $90,000 thru $99,999 16 $100,000 thru $119,999 153 $100,000 thru $119,999 31 $120,000 thru $139,999 177 $120,000 thru $139,999 31 $140,000 thru $159,999 155 $140,000 thru $159,999 26 $160,000 thru $179,999 153 $160,000 thru $179,999 19 $180,000 thru $199,999 91 $180,000 thru $199,999 10 $200,000 thru $249,999 187 $200,000 thru $249,999 15 $250,000 thru $299,999 157 $250,000 thru $299,999 10 $300,000 thru $349,999 84 $300,000 thru $349,999 10 $350,000 thru $399,999 67 $350,000 thru $399,999 3 $400,000 thru $449,999 40 $400,000 thru $449,999 6 $450,000 thru $499,999 18 $600,000 thru $649,999 1 $500,000 thru $549,999 18 $650,000 thru $699,999 1 $550,000 thru $599,999 20 $750,000 thru $799,999 1 $600,000 thru $649,999 6 $800,000 thru $849,999 2 $650,000 thru $699,999 8 $900,000 thru $949,999 2 $700,000 thru $749,999 3 $1,000,000 thru $1,249,999 1 $750,000 thru $799,999 3 $800,000 thru $849,999 5 Summary Price Information $850,000 thru $899,999 5 Minimum $6,800 $950,000 thru $999,999 2 Average $150,399 $1,000,000 thru $1,249,999 8 Maximum $1,200,000 $1,250,000 thru $1,499,999 7 Median $116,000 $1,750,000 thru $1,999,999 3

Summary Price Information

Minimum $1,100 Average $187,549

Maximum $1,875,000 Median $146,000

Copyright© Karen Schlosser May 2014