Cincinnati MLS Market Trend March 2014

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Information about Cincinnati MLS Market Trend March 2014
Real Estate

Published on April 23, 2014

Author: marketingrmx

Source: slideshare.net

Description

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CINCINNATI MLS MARCH 2014

MEDIAN SALES PRICE CINCINNATI MLS The Median Price for all homes sold in March was $125,500, which is 7% higher than the median price in February and 1% higher than the median sales price in March 2013. MARCH 2014 MARCH 2013 $125,500 $126,900 1% MARCH 2014 125,500 $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 March showed a 4% decrease in the number of Closed Transactions over February and a 10% decrease over sales in March 2013. 1,585 1,763 10% MARCH 2014 MARCH 2014 MARCH 2013 1,585 0 500 1000 1500 2000 2500 3000

DAYS ON THE MARKET CINCINNATI MLS The average Days on the Market for all homes sold in March was 76. This is 3 days less than the average in February and 4 days less than the average in March 2013. 5% 76 80 MARCH 2014 MARCH 2014 MARCH 2013 76 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 March was 3.5 which is an 29% decrease over February and a 27% decrease from March 2013. 3.5 4.8 27% MARCH 2014 MARCH 2014 MARCH 2013 3.5 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0

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).

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