Cincinnati MLS Market Trend Report June 2013
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Cincinnati MLS Market Trend Report June 2013

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Presented by RE/MAX of Southern Ohio. ...

Presented by RE/MAX of Southern Ohio.
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Cincinnati MLS Market Trend Report June 2013 Cincinnati MLS Market Trend Report June 2013 Presentation Transcript

  • CINCINNATI MLS JUNE 2013
  • MEDIAN SALES PRICE CINCINNATI MLS The Median Price for all homes sold in June was $146,500, which is 4% higher than the median price in May and 7% higher than the price in June 2012. JUNE 2013 JUNE 2012 $146,500 $137,000 7% JUNE 2013 146,500 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000
  • CLOSED TRANSACTIONS CINCINNATI MLS The Market Trend Report for June showed a 2% increase in the number of Closed Transactions over May and a 21% increase over sales in June 2012. 2013 MAY 2012 2,325 1,918 21% JUNE 2013 JUNE 2013 JUNE 2012 2,325 0 500 1000 1500 2000 2500
  • DAYS ON THE MARKET CINCINNATI MLS The average Days on the Market for all homes sold in June was 62. This is 7 days less than the average in May and 12 days less than the average in June 2012. 16% 62 74 JUNE 2013 JUNE 2012 JUNE 2013 62 0 10 20 30 40 50 60 70 80 90
  • MONTHS SUPPLY OF INVENTORY CINCINNATI MLS The number of Months Supply of Inventory at the end of June was 4.6 which is a 10% increase over May and a 30% decrease from June 2012. 4.6 6.6 30% JUNE 2013 JUNE 2013 JUNE 2012 4.6 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0
  • Description The Market Trend Report is distributed each month on or about the 15th. The Report is based on data provided by Terradatum from the local Cincinnati Multiple Listing Service and is not annualized. While MLS and Terradatum data are believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Data for prior periods is not being recalculated for this report. Definitions Median Sales Price is the median price of all residential properties sold during the month. Closed Transactions are the number of residential transactions closed during the given month. Days on the Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Months Supply of Inventory is the total number of residential properties listed for sale at the end of the month (active inventory) divided by the number of sales contracts signed (pended) during the month).