The number of new listings increased by 90% this month going from 11 new listings in July 2012 to 21 new listings for July 2013
(PRWEB) August 17, 2013
The John Herman Team is pleased to announce the July 2013’s real estate performance review results for homes in South Barrington This month’s results showed large increase in the number of new listings and the number of closed sales for homes in this community.
The number of new listings increased by 90% this month going from 11 new listings in July 2012 to 21 new listings for July 2013. Although the number of new listings increased this month, the number of homes for sale in the community fell for the third straight year. The homes for sale dropped from 91 in July 2011 to 62 in July 2012 to this month’s total of 57 in July 2013 .
The Illinois real estate performance review showed more good news as the number of closed sales went up for the month. This number rose from 5 closed sales in July 2012 to 13 closed sales in July 2013. While the number of closed sale went up the median sales price has declined steadily over the past three years. The median sales price has gone from $1,010,000 in July 2011 to $835,000 in July 2012 to $775,000 in July 2013.
The performance review also revealed an overall decrease in the month’s supply of inventory for South Barrington homes for sale The month’s supply of inventory fell from 11.6 homes in July 2012 to 9.8 homes in July 2013. There was a significant improvement in the market time for homes sold. The number of days homes in this community remained on the market fell from 289 days in July 2012 to 115 days in July 2013.
About John Herman:
John Herman, Hometown Real Estate 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.