(PRWEB) September 19, 2013
The John Herman Team is pleased to release the latest results for August 2013’s real estate performance review for homes in Cary.The month of August 2013 showed an increase in the number of closed sales for both attached and detached homes and an increase in the median sales price for attached homes.
The number of closed sales for attached homes rose by 200%, going from 4 closed sales in August 2012 to 12 closed sales in August 2013. The number of closed sales for detached homes rose by 35%, increasing from 28 closed sales in August 2012 to 38 closed sales in August 2013. There were mixed results for the median sales price for homes sold in Cary. The median sales price for attached homes increased from $95,750 in August 2012 to $111,500 in August 2013, whereas the median sales price for detached homes remained steady at $207,500 for both August 2012 and August 2013.
The Illinois real estate performance review went on to show a decline in the number of homes for sale in Cary. The number of homes for sale dropped from 36 homes in August 2012 to 24 homes in August 2013, and the number of closed sales for detached homes fell from 175 homes in August 2012 to 127 homes in August 2013. There were also mixed results for the number of new listings for attached and detached homes in the area. The number of new listings for attached homes increase by 25%, going from 8 new listings in August 2012 to 10 new listings in August 2013, but the number of new listings for detached homes decreased, falling from 47 new listings in August 2012 to 42 new listings in August 2013.
The month further showed a decrease in the month’s supply of inventory for Cary homes for sale. The month’s supply of inventory for attached homes dropped from a 10-month supply in August 2012 to a 3.3-month supply in August 2013, and the month’s supply of inventory for detached homes fell from a 9.3-month supply in August 2012 to a 4.1-month supply in August 2013. There was some improvement in the number of days homes remained on the market, as the market time for attached homes fell from 222 days in August 2012 to 112 days in August 2013, and the market time for detached homes dropped from 206 days in August 2012 to 100 days in August 2013.
About John Herman:
John Herman,Hometown is considered the Best Barrington real estate broker, who serves the entire city of Barrington and its surrounding areas. He has more than twelve years of experience in the local real estate market and is dedicated to providing his clients with exceptional services that assist them in obtaining the right home, for the right price. He holds a Master’s Degree, as well as, an Accredited Buyer Representative Certification, a Short Sale Foreclosure Resource Certification, and is an Equator Short Sale Certified Platinum Member. His decade long commitment to providing each customer with individualized and prompt customer services has earned him the Five Star Professional Award for the past three years. In fact, his customer service ratings were so high, that John Herman has been ranked among the top 2% of real estate agents in the Greater Chicago Area. This distinguished honor speaks volumes about his strong commitment to his clients and his dedication to providing optimal services.