Sales Down 3%

As Compared To February 2013

Average Sales Price

$155,408 Up 8% Over

February 2013

Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of February 28, 2014

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

Source of Purchase Funds

38% Cash

43% Conventional

13% FHA

4% VA

2% Other

6.6 Months Housing Supply

(7 Months, February 2013)

32% of homes sold were on the market for less than a month. (January 2014, 33%)

32% were on the market 4

months or longer. (January 2014, 27%)

Lender-Involved Sales Bank-Owned (REO)

Pre-Foreclosure Short Sales 31%

Buyer’s Market

When housing supply rises above 5-6 months, it is considered a Buyer’s

market. Check out what’s happening in your

neck of the woods! Average DOM*

for Sales

Single Family

103 Days

Condo 109 Days

*Days on Market

1,2081,301

500

1000

1500

2000

2500

3000

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

Residential (Single Family & Condo) Unit Sales 2009-2014YTDSource: 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

Up Down Sales Up from January 2014, despite our frigid, snowy weather conditions, Down from February 2013 by a smidgen. All in all, headed in the right direction.

Low Inventory Trend Continues

Perhaps the better word is “lower” inventory than previous years. I, for one, do not want to curse the market by saying it’s too low and then return to the all-time high’s doubling where we are today. Our market is clicking along nicely, let’s be grateful.

8,529 8,547

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

17,000

18,000

19,000

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

Copyright© Karen Schlosser February 2014

7.16.6

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.

$151,000

$155,408

$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

Slight Advantage Buyers Following the flow from last year, housing supply is beginning and staying on the low side. For Buyer’s that means a slight advantage but only in some market areas and price ranges. You need to be schooled on the stats for your neck of the woods; otherwise, you could miss out on your home (hesitation) or buyer (overpricing) of your dreams.

Average Sales Price Up An indication that home values are on the rise which is music to the ears of those who bought at the height of the market (like me) and those on the market today to sell. It certainly isn’t the favorite tune of buyers. Timing is everything.

Residential Sales - Single Family

February 2014 Residential Sales - Condominium February 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 71 $19,000 or Under 1 $20,000 thru $29,999 68 $20,000 thru $29,999 8 $30,000 thru $39,999 61 $30,000 thru $39,999 10 $40,000 thru $49,999 55 $40,000 thru $49,999 9 $50,000 thru $59,999 46 $50,000 thru $59,999 8 $60,000 thru $69,999 44 $60,000 thru $69,999 8 $70,000 thru $79,999 44 $70,000 thru $79,999 6 $80,000 thru $89,999 56 $80,000 thru $89,999 11 $90,000 thru $99,999 48 $90,000 thru $99,999 7

$100,000 thru $119,999 89 $100,000 thru $119,999 14 $120,000 thru $139,999 95 $120,000 thru $139,999 8 $140,000 thru $159,999 77 $140,000 thru $159,999 13 $160,000 thru $179,999 69 $160,000 thru $179,999 13 $180,000 thru $199,999 40 $180,000 thru $199,999 10 $200,000 thru $249,999 95 $200,000 thru $249,999 12 $250,000 thru $299,999 60 $250,000 thru $299,999 9 $300,000 thru $349,999 38 $300,000 thru $349,999 1 $350,000 thru $399,999 26 $350,000 thru $399,999 2 $400,000 thru $449,999 14 $400,000 thru $449,999 3 $450,000 thru $499,999 11 $450,000 thru $499,999 1 $500,000 thru $549,999 10 $600,000 thru $649,999 1 $550,000 thru $599,999 4 $2,000,000 thru $2,249,999 1 $600,000 thru $649,999 5 $650,000 thru $699,999 4 SUMMARY PRICE INFORMATION $700,000 thru $749,999 4 Minimum $13,403 $750,000 thru $799,999 2 Average $149,315 $800,000 thru $849,999 1 Maximum $2,200,000 $850,000 thru $899,999 2 Median $116,000

$1,000,000 thru $1,249,999 2 $1,250,000 thru $1,499,999 2 $2,000,000 thru $2,249,999 1 $3,250,000 thru $3,499,999 1

SUMMARY PRICE INFORMATION

Minimum $2,900 Average $156,239

Maximum $3,300,000 Median $117,500

Copyright© Karen Schlosser February 2014