The 43% decrease in the number of homes for sale in the area, also caused a decrease in the month’s supply of inventory
(PRWEB) June 13, 2013
There was a slight increase of 6.2% in the median sales price for homes, townhomes, and condos in Kildeer in May 2013. Actually, the median sales price has increased for the third year in a row, as the price rose from $520,000 in May 2011 to $565,000 in May 2012 to $600,000 in May 2013. There was also an increase in the number of closed sales for homes sold in the area. The number of closed sales has risen for three years in a row increasing from 4 closed sales in May 2011 to 5 closed sales in May 2012 to 7 closed sale this May 2013. There was a decrease in the number of homes for sale in Kildeer, as the number dropped from 53 homes for sale in May 2012 to 30 homes for sale in May 2013. After seeing a drop last year in the number of new listings as the number fell from 9 new listings in May 2011 to 6 new listings in May 2012, the number rose again this year to 9 new listings in May 2013.
The 43% decrease in the number of homes for sale in Kildeer, also caused a decrease in the month’s supply of inventory. The month’s supply of inventory has actually fallen for the third straight year dropping from 14.1 homes in May 2011 to 12 homes in May 2012 to 5.9 homes in May 2013. The month also showed a significant increase in the market time for homes, condos, and townhomes in Killdeer for the month of May 2013, as the number of days homes remained on the market rose from 113 days in May 2012 to 296 days in May 2013. While this represents an increase of 162%, it is still substantially better than May 2011’s market time of 629 days.
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.