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February 2016 Cincinnati Housing Supply Numbers

March 25, 2016

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Cincinnati Jan 2016 Housing Supply

Demand Is Up…Unit sales for February 2016 are up 5% over February 2015,

Supply Is Down…February continues the historically-low inventory trend, unheard of during the “up” then “down” market we experienced from 2000 to 2013.

Seller-Market Merriment Continues…Housing supply, the measurement of the number of months it would take to sell all of the current inventory if nothing changed in the quantity or rate of sale.  Active Residential Inventory divided by Residential Unit Sales equals Monthly Housing Supply.  In numerals: 6,520 ÷ 1,446 = 4.5 months housing supply.

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