Real Estate Performance Review for Barrington Hills Announced by John Herman Team

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There is good news for the housing market, as the year ending April 30, 2013 saw an increase in the median sales price, number of closed sales and the number of new listings for homes, condos, and townhomes in Barrington Hills.

Deals on Illinois homes

Deals on Illinois homes

The year did show some improvement in the market time, as the number of days homes remained on the market dropped from 295 days for the year ending April 30, 2012 to 290 days for the year ending April 30, 2013.

There is good news for the housing market, as the year ending April 30, 2013 saw an increase in the median sales price, number of closed sales and the number of new listings for homes, condos, and townhomes in Barrington Hills. The number of closed sales increased by 28.3% for the year, as the number rose for the third straight year increasing from 31 closed sales for the year ending April 30, 2011 to 46 closed sales for the year ending April 30, 2012 to this year’s total of 59 closed sales for the year ending April 30, 2013. The median sales price was also up and the price increased by 4.4% rising from $598,500 for the year ending April 30, 2012 to $625,000 for the year ending April 30, 2013.

There was a slight decrease in the number of homes for sale in Barrington Hills as the number declined for the third year in a row falling from 127 homes for sale for the year ending April 30, 2011 to 111 homes for sale for the year ending April 30, 2012 to 97 homes for sale for the year ending April 30, 2013. The year did see a slight increase of 2.1% in the number of new listings as the number rose from 144 new listings for the year ending April 30, 2012 to 147 new listings for the year ending April 30, 2013. There was, however, a decrease in the month’s supply of inventory for homes, townhomes, and condos in Barrington Hills. The month’s supply of inventory dropped from 31 homes for the year ending April 30, 2012 to 18.5 homes for the year ending April 30, 2013. The year did show some improvement in the market time, as the number of days homes remained on the market dropped from 295 days for the year ending April 30, 2012 to 290 days for the year ending April 30, 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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