cincinnati mls market trend report june 2013
DESCRIPTION
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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
$137,0007%
JUNE 2013
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000 146,500
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
1,91821%
JUNE 2013
JUNE 2013
JUNE 2012
0
500
1000
1500
2000
2500 2,325
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
0
10
20
30
40
50
60
70
80
90
62
MONTHS SUPPLY OFINVENTORY
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
Jun-12
Jun-12
Jun-12Jul-12Jul-12
Aug-12
Aug-12
Sep-12
Sep-12
Oct-12
Oct-12
Nov-12
Nov-12
Nov-12
Dec-12
Dec-12
Jan-13
Jan-13
Feb-13
Feb-13
Mar-13
Mar-13
Apr-13
Apr-13
May-13
May-13
May-13
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
4.6
DescriptionThe 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.
DefinitionsMedian 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).