August 2013’s Real Estate Performance Review for Hoffman Estates Announced By John Herman Team

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The John Herman Team is pleased to release the latest results from the August 2013’s real estate performance review for homes in Hoffman Estates.The monthly report showed an increase in the median sales price for both attached and detached homes in this community.

Deals on Illinois homes

Deals on Illinois homes

The median sales price for attached homes rose by 92%, increasing from $56,000 in August 2012 to $107,500 in August 2013.

The John Herman Team is pleased to release the latest results from the August 2013’s real estate performance review for homes in Hoffman Estates.The monthly report showed an increase in the median sales price for both attached and detached homes in this community.

The median sales price for attached homes rose by 92%, increasing from $56,000 in August 2012 to $107,500 in August 2013. The median sales price for detached homes increased by 37%, rising from $195,000 in August 2012 to $267,500 in August 2013. There were mixed results for the number of closed sales in this community. The number of closed sales for attached homes fell from 37 closed sales in August 2012 to 29 closed sales in August 2013, whereas the number of closed sales for detached homes increased from 31 closed sales in August 2012 to 53 closed sales in August 2013.

The Illinois real estate performance review went on to show a significant decline in the number of homes for sale in Hoffman Estates. The number of attached homes for sale fell from 147 homes in August 2012 to 68 homes in August 2013, and the number of detached homes for sale dropped from 193 homes in August 2012 to 117 homes in August 2013. There were mixed results for the number of new listings for attached and detached homes for sale. The number of new listings for attached homes fell slightly from 45 new listings in August 2012 to 42 new listings in August 2013, whereas the number of new listings for detached homes increased from 50 new listings in August 2012 to 61 new listings in August 2013.

The August 2013 review also showed a decrease in the month’s supply of inventory for Hoffman Estate homes for sale. The month’s supply of inventory for attached homes fell from a 7.8-month supply in August 2012 to a 2.2-month supply in August 2013, and the month’s supply of inventory for detached homes dropped from a 7.4-month supply in August 2012 to a 3.0-month supply in August 2013. There was an improvement in the market time this month, as the number of days attached homes remained on the market fell from 143 days in August 2012 to 74 days in August 2013, and the number of days detached homes stayed on the market dropped from 185 days in August 2012 to 118 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.

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