Tuesday, January 15, 2008

Cincinnati, OH Market Summary Report - Q3, 2007

RE/MAX Elite and the Clermont financial group. If you absolutely, positively want to postion yourself to be successful in today's market!

Over the past 12 months, Cincinnati saw a significant decrease in closings compared to this time last year. There were 44,328 closings as of Q3 2006 compared to 39,517 for Q3 2007 which represents a decrease of 11%. Cincinnati also saw a decrease of 13% in Total Sales Volume. Total Sales Volume reached $6,993,587,124 in Q3 2007 compared to a volume of $8,014,003,449 in Q3 2006.Compared to last quarter, we saw a 2% decrease in closings. Cincinnati hasn’t seen an increase in closings since Q1 2006. There were 40,530 closings as of Q2 2007 compared to 39,517 for Q3 2007. Cincinnati also saw a decrease of 4% in Total Sales Volume. Total Sales Volume reached $6,993,587,124 in Q3 2007 compared to a Total Sales Volume of $7,250,350,668 in Q2 2007.

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