(PRWEB) September 24, 2013
The John Herman Team is pleased to release the latest results from the August 2013’s real estate performance review for homes in Schaumburg. This month's report showed an increase in the median sales price and the number of closed sales for homes sold in this community.
The median sales price for attached homes rose by 16%, going from $107,500 in August 2012 to $125,000 in August 2013. The median sales price for detached homes increased by 7%, going from $250,000 in August 2012 to $268,000 in August 2013. The number of closed sales rose significantly for both attached and detached homes in Schaumburg. The number of closed sales for attached homes rose by 71%, increasing from 53 closed sales in August 2012 to 91 closed sales in August 2013, whereas the number of closed sales from detached homes increased by 36%, rising from 38 closed sales in August 2012 to 52 closed sales in August 2013.
The Illinois real estate review showed mixed results for the number of new listings for homes in Schaumburg. As the number of new listings for attached homes increased slightly from 87 new listings in August 2012 to 88 new listings in August 2013, the number of new listings for detached homes fell from 57 new listings in August 2012 to 47 new listings in August 2013. There was, however, a decline in the number of homes for sale this month. The number of attached homes for sale fell from 331 homes in August 2012 to 138 homes in August 2013, and the number of detached homes for sale dropped from 171 homes in August 2012 to 135 homes in August 2013.
The review went on to show a decrease in the month’s supply of inventory for both attached and detached Schaumburg homes for sale. The month’s supply of inventory for attached homes fell from a 6.7-month supply in August 2012 to a 2.0-month supply in August 2013, and the month’s supply of inventory for detached homes dropped from a 5.6-month supply in August 2012 to a 3.9-month supply in August 2013. There was a reduction in the number of days homes remained on the market in this community. The market time for attached homes fell from 222 days in August 2012 to 72 days in August 2013, and the market time for detached homes dropped from 82 days in August 2012 to 64 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.