(PRWEB) May 17, 2013
There were mixed results in the number of closed sales for attached and detached homes, condos, and townhomes in Inverness. The number of closed sales for attached homes remained constant at 3 closed sales for the months of April 2012 and April 2013. Whereas, the number of closed sales for detached homes rose by 60%, increasing from 5 closed sales in April 2012 to 8 closed sales for April 2013. There was, however, a decrease in the median sales price for both attached and detached homes in the month of April 2013. The median sales price for attached homes fell from $323,000 in April 2012 to $270,000 in April 2013, and the median sales price for detached homes dropped from $570,000 in April 2012 to $494,550 in April 2013.
The month also reveal a significant drop in the number of homes for sale in Inverness for both attached and detached homes.The number of attached homes for sale fell from 17 homes in April 2012 to 10 homes in April 2013, and the number of detached homes for sale decreased from 87 homes in April 2012 to 50 homes in April 2013. There were mixed results of the number of new listings for attached and detached homes during the month of April 2013. The number of new listings for attached homes increased from 5 new listings in April 2012 to 7 new listings for April 2013, whereas the number of new listings for detached homes dropped from 20 new listings in April 2012 to 17 new listings for April 2013.
There was a decrease in April 2013 in the month’s supply of inventory for attached and detached homes, townhomes, and condo in Inverness for sale. The month’s supply of inventory for attached home fell from 8.0 homes in April 2012 to 3.7 homes in April 2013, and the month’s supply of inventory for detached homes dropped from 13.4 homes in April 2012 to 5.6 homes in April 2013. The month of April 2013 showed an increase in the market time for homes sold in the area. The number of days attached homes stayed on the market rose from 158 days in April 2012 to 301 days in April 2013, and the number of days detached homes remained on the market increased from 141 days in April 2012 to 431 days in April 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.