(PRWEB) October 29, 2013
The John Herman teams is pleased to provide the latest real estate market report statistics for the city of Schaumburg for the month of September 2013. This reports showed a substantial improvement in the market for both attached and detached homes for sale in Schaumburg, as the median sale price figures reach a three-year high.
First, this month’s report showed an increase of nearly 9% in the median sales price for both attached and detached homes in this community.The median sales price for attached homes rose by $9,000, going from $100,000 in September 2012 to $109,000 in September 2013. Whereas, the median sales price for detached homes rose by $23,000, rising from $262,000 in September 2012 to $285,000 in September 2013. The report continued to show a rise in the number of closed sales, as the number of closed sales for attached homes rose by 10.6% and the number of closed sales for detached homes increased by 26.9% for the month.
This Illinois real estate performance review also showed a rise in the number of new listings reported for this month. The number of new listings for attached homes rose from 69 new listings in September 2012 to 75 new listings in September 2013, and the number of new listings for detached homes increased from 44 new listings in September 2012 to 60 new listings in September 2013. However, the number of homes for sale in Schaumburg dropped dramatically. The number of attached homes for sale fell by 53%, falling from 306 homes for sale in September 2012 to 141 homes for sale in September 2013, and the number of detached homes for sales slipped by 18%, falling from 165 homes in September 2012 to 135 homes in September 2013.
The review also reported a decline in the month’s supply of inventory for Schaumburg homes for sale/. The month’s supply of inventory for attached homes decreased from a 5.9-month supply in September 2012 to a 2.1-month supply in September 2013, and the figures for detached homes fell from a 5.3-month supply in September 2012 to a 3.9-month supply in September 2013. The market time picked up this month, as the rate for attached homes decreased from 98 days in September 2012 to 51 days in September 2013, and the rate for detached homes fell from 152 days in September 2012 to 146 days in September 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.