The month also showed a significant increase in the market time for home sold in the area, as the number of days homes remained on the market rose from 256 days in May 2012 to 1,165 homes in May 2013
(PRWEB) June 06, 2013
There was a slight increase in the median sales price for homes, condos, and townhomes in Barrington Hills for the month of May 2013. The median sale price rose this month by 4%, as the median sales price increased from $567,500 in May 2012 to $590,000 in May 2013. After seeing a 100% increase last year in the number of closed sales in the area, as the number rose from 3 closed sales in May 2011 to 6 closed sales in May 2012, this year’s total of closed sales dropped slightly to 5 closed sales for the month of May 2013. There has been a decrease in the homes for sale in the area for the third year in a row, as the number of homes for sale in Barrington Hills dropped from 122 homes for sale in May 2011 to 111 homes for sale in May 2012 to 102 homes for sale in May 2013.
There was also a slight decline in the number of new listings for homes for sale in Barrington Hills, as the number of new listings fell from 22 new listings in May 2012 to 20 new listings in May 2013. The drop in the number of homes for sale and the number of new listings also caused a decrease in the month’s supply of inventory for May 2013. The month’s supply of inventory for homes, townhomes, and condos in Barrington Hills fell from 24.7 homes in May 2012 to 20.7 homes in May 2013. The month also showed a significant increase in the market time for home sold in the area, as the number of days homes remained on the market rose from 256 days in May 2012 to 1,165 homes 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