Real Estate Performance Review for Hoffman Estates Announced by Herman Team

There was an increase in the number of closed sales for both attached and detached homes, condos, and townhomes in Hoffman Estates for the year ending February 28, 2013.

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There was an improvement in the market time for both attached and detached homes for sale in Hoffman Estates

(PRWEB) March 30, 2013

There was an increase in the number of closed sales for both attached and detached homes, condos, and townhomes in Hoffman Estates for the year ending February 28, 2013. The number of closed sales for attached homes rose from 184 sales for the year ending February 29, 2012 to 283 sales for the year ending February 28, 2013, and the number of closed sales for detached homes increased from 257 sales from February 29, 2012 to 345 sales for the year ending February 28, 2013. This is encouraging new considering the number of homes for sale decreased.

The number of attached homes for sale fell from 177 homes for the year ending February 29, 2012 to 127 homes for the year ending February 28, 2013, and the number of detached homes for sale dropped from 201 homes for the year ending February 29, 2012, to 168 homes for the year ending February 28, 2013.

There was an increase in the number of new listings for both attached and detached homes, townhomes, and condos in Hoffman Estates. The number of new listings for attached homes increased from 395 new listings for the year ending February 29, 2012 to 432 new listings for the year ending February 28, 2013, and the number of new listings for detached homes rose from 554 new listings two years ago ot 569 new listings over the past year. The month’s supply o f inventory decreased by 46% for attached homes and 35% for detached homes over the past year. There was only a slight decrease in the median sales price, as the median sales price for attached homes fell from $65,278 for the year ending February 29, 2012 to $62,500 for the year ending February 28, 2013, and the median sales price for detached homes dropped from $238,000 for the year ending February 29, 2012 to $210,00 for the year ending February 28, 2013.

There was an improvement in the market time for both attached and detached homes for sale in Hoffman Estates, as the number of days attached homes remained on the market fell from 156 days for the year ending February 29, 2012 to 111 days for the year ending February 28, 2013, and the number of days detached homes remained on the market dropped from 160 days for the year ending February 29, 2012 to 146 days for the year ending February 28, 2012.


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