John Herman Team Announces Real Estate Performance Review Results for Palatine for October 2013

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If you happen to be contemplating a property in Palatine as your primary residence or an investment property, you should look over our latest Palatine Real Estate Report. The John Herman Team has reviewed the data and reports an increase month to month supply of inventory.

Deals on Illinois homes

Deals on Illinois homes

There was an increase in the number of new listings for detached home, as the total rose from 58 new listings in October 2012 to 78 new listings in October 2013.

If you happen to be contemplating a property in Palatine as your primary residence or an investment property, you should look over the latest Palatine Real Estate Report. The John Herman Team has reviewed the data and reports an increase month to month supply of inventory. There is a month supply of inventory on the market in Palatine today. Now is the Time to Buy! The average market time for a Single Family Homes to sell in Palatine last month was 84 days. It took on average 79 days to sell a Palatine Condo, Townhouse or a Duplex.

The number of properties for sale in Palatine for single family homes from the October 1, 2013 through October 31, 2013 was 139 units. That is -55.9 % less than the number of homes for sale last October 2012 in Palatine. The median sales price for Attached homes in Palatine increased 16.1% from $77,500 from October 2012 to $90,000 in October 2013. There was an increase in the median sales for detached homes; there is a 1% increase over last year’s figures, from $295,000 in October 2012 9 to $298,000 in October 2013.

There was an increase in the number of new listings for detached home, as the total rose from 58 new listings in October 2012 to 78 new listings in October 2013. The report continued to show a decrease for attached homes new listings from 87 in October 2012 to 79 in October 2013 .The month's supply of inventory for Palatine homes for sale this figure has gradually reduced over the past three years, falling from a 12.4 month supply in October 2011 to a 6.5 month supply in October 2012 to a 2.2 month supply for attached in October 2013. Furthermore, there was also a reduction for detached homes for 3 consecutive years from 11.6 in October 2011 to 6.6 in October 2012 to3.7 in October 2013.

About John Herman:

John Herman 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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