(PRWEB) April 20, 2013
There were mixed results for the median sales price for home, condos, and townhomes in Cary for the month of March 2013. The month saw an increase of 14.5% in the median sales price for detached homes, as the price rose from $172,500 in March 2012 to $197,500 in March 2013. However, the median sales price fell slightly as the price fell from $89,500 in March 2012 to $87,500 in March 2013. There were also mixed results in the number of closed sales for the month. The number of closed sales for attached homes remained constant at 7 closed sales for both March 2012 and March 2013. However, the number of closed sales for detached homes increased from 16 closed sales in March 2012 to 24 closed sales for March 2013. This is good news considering there was a decrease in the number of homes, townhomes, and condos for sale in Cary. The number of attached homes for sale in Cary dropped from 39 homes in March 2012 to 29 homes in March 2013, and the number of detached homes for sale fell from 182 homes in March 2012 to 129 homes in March 2013. There were mixed results in the number of new listings for homes for sale in the area. The number of new listings for attached homes fell from 10 new listings in March 2012 to 8 new listings in March 2013. Whereas, the number of new listings for detached homes increased from 48 new listings in March 2012 to 49 new listings in March 2013. There was also a decrease in the month’s supply of inventory for homes for sale in Cary. The month’s supply of inventory for attached homes decreased from 10.6 homes in March 2012 to 5.8 homes in March 2013, and the month’s supply of inventory for detached homes fell from 10.3 homes in March 2012 to 5.5 homes in March 2013. There was a significant decrease in the market time for both attached and detached homes in the area. The number of days attached homes stayed on the market fell from 249 days in March 2012 to 198 days in March 2013. The number of days detached home remained on the market dropped from 218 days in March 2012 to 143 days in March 2013.
Welcoming his 12th year of Real Estate experience, John Herman effectively turns buyers into owners, and closes listings successfully with Barrington Real Estate, Illinois. Clients are quickly referred to as guests in his home market, welcoming everyone to his performance standards uniquely separating him from the competition. John's diligent work with clients earned him a 2011 Five Star Professional Award. As a daily hard working Realtor, John has made it in the top 7% of Real Estate agents granted this award. With his Masters Degree, John is also certified in Foreclosure and Short Sale transactions along with certification as an Accredited Home Buyer Representative. John and his team are localized experts with over 20 years of real estate experience within the beautiful area of Chicago. John Herman controls the necessary actions to position the right inspector, plumber, or resourceful help needed to close every deal properly.