MLS of Greater Cincinnati - Charts for the Month: November 2017

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1 MLS of Greater Cincinnati - Charts for the Month: November 2017 The following charts provide an overview of what has occurred in the MLS over the past month. Each chart provides a historical trend. The following is a description of each chart along with any specific highlight points. 1) Existing & New Sales (Sold / Closed) Single Family and Condos shows, by month for each year, the number of closed sales in the MLS. 2) Average Price Home Sales (Condos included) shows, by month for each year, the average price of closings in the MLS. Note: The avg. sales price for November 2017 is up +7.62% compared to November ) Median Price Home Sales (Condos included) shows, by month for each year, the median price of closings in the MLS. Note: The median sales price for November 2017 is up % compared to November 2016 and is up +6.37% October ) Average SP / LP % Home Sales (Condos included) shows the average sale price to list price % of closings in the MLS by month. The avg. SP / LP% is computed against the current list price of the property when it sold. It does not take into account if the property was previously listed at a higher list price. 5) Active Inventory Single Family and Condos snapshot of the active inventory on the 1 st business day of each month. Note: The inventory for November 2017 is down % compared to November 2016 and is down -9.00% compared to October ) New Listings Single Family and Condos shows the # of new listings entered into MLS for a given month, no matter the current status. Note: New listings for November 2017 are down -2.14% compared to November 2016 and are down % over October ) Month s Supply Single Family and Condos shows, by month, the current active inventory, and the closings reported that month and the # of month s supply of inventory by dividing the inventory by the # of closings. Note: The November 2017 month s supply is 2.49 months compared to 3.09 months for November month s supply represents a balanced market between buyers and sellers. Over 6 is a buyer s market; fewer than 5.5 is a seller s market. 8) Active Inventory, New Listings, Closings Single Family & Condos shows the monthly inventory, closings and new listings that were reported in MLS. 9) New Pendings (New and Existing) Single Family and Condos shows, for each month, the number of pending sales reported in the MLS, no matter the current status. Note: Pending sales for November 2017 are down -1.27% over November 2016 and down 20.86% over October ) Average DOM for Closings (List Date to Under Contract Date) Single Family and Condos shows, for a given month, the average DOM of closings in the MLS. Note: The average DOM is computed against the current list date of the property to when it changed to the pending status. It does not take into account if the property was previously listed, which tends to skew this number. 11) Existing Construction Closings Single Family Homes (excludes Condos) shows the # of closings for single family homes that have been previously occupied. Note: Single Family only, existing construction closings for November 2017 are up +9.08% compared to November ) New Construction Closings Single Family Homes (excludes Condos) shows the # of closings for single family homes that have never been occupied. Note: Single Family only, new construction closings for November 2017 are up % compared to November ) Month s Supply of Active Inventory (Inventory / Closings) Single Family and Condos a balanced market in the USA, per NAR, generally has between months of active inventory. This chart provides an image of the # of month s supply of active inventory on a monthly basis. Month s supply above 6 months is considered a Buyer s market and less than 5.5 months is considered a Seller s Market. 14) Avg/Med Price Combined Residential Sales (Single Family & Condos) shows a comparison of Average sales price to Median sales price on a monthly basis. Note that the annual % of median to average sales price for the past 4 years is around 78.79%.

2 Existing & New Home Sales (w/condos) 2,900 2,700 2,500 2,300 2,100 1,900 1,700 1,500 1,300 1, $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 $170,000 $160,000 $150,000 $140,000 $130,000 Home Sales Average Price (w/condos) $120, ,000 Home Sales - "Median Price" (w/condos) '12 13 '14 '15 '16 '17 170, , , , , , , ,000

3 Home Sales - Average SP / LP % (w/condos) 99.00% 98.50% 98.00% 97.50% 97.00% 96.50% 96.00% 95.50% 95.00% 94.50% 94.00% 93.50% 93.00% Residential Inventory (w/condos) ,000 9,000 8,000 7,000 6,000 5,000 "New Listings" - Single Family and Condos 4,500 4,250 3,750 3,500 3,250 2,750 2,500 2,250 1,750 1,500 1,250

4 # Listings "Months Supply" - Single Family and Condos 1 Sales (Sold/Closed) Active Residential Inventory Absorption Rate (# Months Supply) 1 10,000 9,000 8,000 7,000 6,000 5,000 0 Jan-13 Apr-13 July-13 Oct-13 Jan '14 Apr '14 Jul '14 Oct '14 Jan '15 Apr '15 Jul '15 Oct '15 Jan '16 Apr '16 # Listings " Active Inventory, New Listings, Closings" - Single Family and Condos 1 New Listings Entered Active Residential Inventory Sales (Sold / Closed) 1 10,000 9,000 8,000 7,000 6,000 5,000 0 Jan-13 Apr-13 July-13 Oct-13 Jan '14 Apr '14 Jul '14 Oct '14 Jan '15 Apr '15 Jul '15 Oct '15 Jan '16 Apr '16 Jul '16 Jul '16 Oct '16 Oct '16 Jan'17 Jan'17 Apr'17 Apr'17 "New Pendings" - (New and Existing) - Single Family & Condo Jul'17 # Months ,200 2,800 2,600 2,400 2,200 1,800 1,600 1,400 1,200 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul'17 Oct'17 Oct'

5 "Average DOM for Closings - (List Date to Under Contract Date)" - Single Family and Condos ,750 2,500 2,250 1,750 1,500 1,250 "Existing Construction Closings" - Single Family Homes - (excludes Condos) 750 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec "New Construction Closings" - Single Family Homes - (excludes Condos) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

6 Months Supply of Active Inventory" (Inventory / Current Month Closings) Single Family and Condos # Months Inventory High End - Balanced - Cinci - 5 Months Closed Sales to Active Inventory Ratio Low End - Balanced - Cinci Months Pendings to Active Inventory Ratio 6.0 Buyer's Market 5.0 Balanced Market Seller's Market Oct-17 Jul-17 Apr-17 Jan-17 Oct-16 Jul-16 Apr-16 Jan-16 Oct-15 Jul-15 Apr-15 Jan-15 Oct 14 Jul 14 Apr 14 Jan 14 Oct '13 Jul '13 Apr '13 Jan Jan % Apr 12 Jul 12 Oct 12 Combined Residential Sales (Single Family & Condos) Avg. Sale Price Median Sale Price 2016 Jan % Apr 13 July 13 Oct 13 Jan 14 Apr % Jul-14 Oct % %