Hoffman Estates Homes, Condos and Townhomes for Sale in May by John Herman Team

The month of May 2013 showed an increase in the median sales price for both attached and detached homes, condos, and town homes in Hoffman Estates.

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The month did show some improvement in the market time for homes, townhomes, and condos in Hoffman Estates, as the number of days attached homes remained on the market decreased from 106 days in May 2012 to 68 days in May 2013

(PRWEB) June 20, 2013

The month of May 2013 showed an increase in the median sales price for both attached and detached homes, condos, and town homes in Hoffman Estates. The median sales price for attached homes rose by 135%, increasing from $50,276 in May 2012 to $118,500 in May 2013, whereas the median sales price for detached homes increased by 28%, rising from $207,000 in May 2012 to $265,000 in May 2013. There was also an increase in the number of closed sales for the month, as the number of closed sales for attached homes increased from 22 closed sales in May 2012 to 28 closed sales in May 2013, and the number of closed sales for detached homes rose from 33 closed sale in May 2012 to 44 closed sale in May 2013. The month of May 2013 did, however, reveal a decrease in the number of homes for sale in Hoffman Estates, as the number of attached homes for sale dropped from 157 homes for sale in May 2012 to 82 homes for sale in May 2013, and the number of detached homes for sale fell from 180 homes for sale in May 2012 to 113 homes for sale in May 2013. There were mixed results for the number of new listings for homes in the area, as the number of new listings for attached homes increased from 38 new listings in May 2012 to 45 new listings in May 2013, while the number of new listings for detached homes dropped from 63 new listings in May 2012 to 62 new listings in May 2013.

There was also a decline in the month’s supply of inventory for both attached and detached homes in the area. The month’s supply of inventory for attached homes decreased from 9.2 homes in May 2012 to 2.8 homes in May 2013, and the month’s supply of inventory for detached homes dropped from 7.2 homes in May 2012 to 3.2 homes in May 2013. The month did show some improvement in the market time for homes, townhomes, and condos in Hoffman Estates, as the number of days attached homes remained on the market decreased from 106 days in May 2012 to 68 days in May 2013, and the number of days detached homes stayed on the market dropped from 160 days in May 2012 to 99 days in May 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. Johns 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.


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