There year also showed a slight improvement in the market time for homes, townhomes, and condos in North Barrington
(PRWEB) June 08, 2013
There was a significant increase in the median sales price for homes, condos, and townhomes in North Barrington for the month of May 2013. Actually, the median sales price has risen for the third year in a row, as the price has increased from $433,500 in May 2011 to $477,500 in May 2012 to $557,500 this month, May 2013. After seeing a sharp decline in the number of closed sales last year, as the number dropped from 8 closed sales in May 2011 to 2 closed sale in May 2012, this year saw a dramatic increase as the number increased to 10 closed sales for the month of May 2013. The month did show a drop in the number of homes for sale in North Barrington as the number fell from 64 homes for sale in May 2012 to 56 homes for sale in May 2013. Last May 2012 showed a significant decrease in the number of new listings as the number dropped from 11 new listings in May 2011 to only 5 new listings in May 2012.
However, this year the number of new listings saw a significant increase as the number rose to 15 new listings for the month of April 2013. The month did show a decline in the month’s supply of inventory for the third straight year, as the month’s supply of inventory fell from 20.1 homes in May 2011 to 18.1 homes in May 2012 to finally 11.0 this May 2013. There year also showed a slight improvement in the market time for homes, townhomes, and condos in North Barrington, as the number of days homes in the area remained on the market decreased by 5.6% dropping from 182 days in May 2012 to 171 days 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.