(PRWEB) February 22, 2013
The number of homes sold in the Port Barrington area stayed steady for the third year in a row. There were 18 homes sold for the year ending January 31, 2013, which is down slightly from last year’s number. However, the number of homes for sales for the year was 18 homes, a decrease of nearly 19% from year ending January 31, 2012.
There was also a drop of over 15% in the number of new homes listed on the market, with 43 new listings for year ending January 31, 2013 versus 51 new listings the previous year. While the monthly supply of homes on the market dropped from 12.1 homes for year ending January 31, 2012 to 9.6 homes this year, it is still an increase over the January 31, 2011 figure of 9.5 homes. The good news is that homes sold in the Port Barrington at a faster rate with the average number of days homes stayed on the market dropping form 241 day two years ago to 203 day for year ending January 31, 2013.
There was also a decrease of 5% in the median sales price, which dropped from $192,250 for year ending January 31, 2012 to $182, 250 for year ending January 31, 2013. This 15% decrease in market time may encourage more new listings and create a greater demand in the market. For more information on Barrington Homes for Sale, visit http://www.BarringtonHomesForSale.com
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.