Barrington Homes, Condos, and Townhome for Sale In May Announced by Herman Group

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There were mixed results in the median sales price for attached and detached homes, condos, and townhomes in Barrington for the month of May 2013.

Deals on Illinois homes

Deals on Illinois homes

The month did, however, show an improvement in the number of new listings for the area, as the number of new listings for attached homes rose from 5 new listings in May 2012 to 12 new listings in May 2013

There were mixed results in the median sales price for attached and detached homes, condos, and townhomes in Barrington for the month of May 2013. While the median sales price for attached homes grew significantly, rising from $77,750 in May 2012 to $140,000 in May 2013, the month showed a decrease in the median sales price for detached homes, as the price fell slightly from $420,000 in May 2012 to $405,000 in May 2013. The month also showed mixed results for the number of closed sales for attached and detached homes sold in the area. The number of closed sales for attached homes dropped from 2 closed sale in May 2012 to 1 closed sale in May 2013, while the number of closed sales for detached homes remained steady at 19 closed sales for the months of May 2012 and May 2013. There was a decrease of about 25% in the number of attached and detached homes for sale in Barrington.

The number of attached homes for sale has dropped for the third straight year falling from 41 homes for sale in May 2011 to 32 homes for sale in May 2012 to 24 homes for sale in May 2013. The number of detached homes for sale has also dropped for the third straight year declining from 210 homes for sale in May 2011 to 150 homes for sale in May 2012 to 112 homes for sale in May 2013. The month did, however, show an improvement in the number of new listings for the area, as the number of new listings for attached homes rose from 5 new listings in May 2012 to 12 new listings in May 2013 and the number of new listings for detached homes increased from 41 new listings in May 2012 to 58 new listings for May 2013. There was a decrease in May 2013 in the month’s supply of inventory for attached and detached homes, townhomes, and condos in Barrington.

The month’s supply of inventory for attached homes fell from 17.1 homes in May 2012 to 6.3 homes in May 2013, and the month’s supply of inventory for detached homes dropped from 8.7 homes in May 2012 to 5.2 homes in May 2013. The month also showed some significant improvement in the market time for both attached and detached homes. The number of days attached homes remained on the market improved by 99.6% dropping from 237 days in May 2012 to only 1 day in May 2013, and the number of days detached homes in Barrington stayed on the market improved by 44% falling from 197 days in May 2012 to 110 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. 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 master's 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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