(PRWEB) October 21, 2013
The John Herman Team is pleased to announce the performance results from Inverness’ September 2013 real estate review. This September 2013 report shows an increase in the median sales price for both attached and detached homes for sale in Inverness.
The median sales price for attached homes in this community rose by 78%, increasing from $277,500 in September 2012 to $495,000 in September 2013, and the median sales price for detached homes increased by 10%, going from $488,750 in September 2012 to $539,750 in September 2013. There were mixed results for the number of closed sales for attached and detached homes in Inverness. The number of closed sale for attached homes remained steady at one closed sale for September 2012 and September 2013, while the number of closed sales for detached homes rose from 2 closed sales in September 2012 to 4 closed sales in September 2013.
The Illinois real estate review did reveal a decline in the number of attached and detached homes for sale in Inverness. The number of attached homes for sale fell from 11 homes in September 2012 to 8 homes in September 2013, and the number of detached homes for sale decreased from 94 homes in September 2012 to 71 homes in September 2013. There were additional mixed results for the number of new listings for the month. The number of new listings for attached homes fell from 4 new listings in September 2012 to 3 new listings in September 2013, whereas the number of new listings for detached homes rose from 11 new listings in September 2012 to 16 new listings in September 2013.
There was also a reduction in the month’s supply of inventory for Inverness homes for sale. The month’s supply of inventory for attached homes fell from a 5.0-month supply in September 2012 to a 2.9-month supply in September 2013, and the month’s supply of inventory for detached homes dropped from a 12.0-month supply in September 2012 to a 8.6-month supply in September 2013. There was some significant improvement this month in the market time for attached and detached homes. While the number of days attached homes stayed on the market fell from 570 days in September 2012 to 39 days in September 2013, the number of days detached homes remained on the market dropped from 250 days in September 2012 to 41 days in September 2013.
About John Herman:
John Herman, Hometown Best Barrington real estate broker is considered the 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.