There was also an increase in the month’s supply of inventory, as the number rose from 3.7 homes in March 2012 to 4.0 homes in March 2013.
(PRWEB) April 24, 2013
There was a slight decrease in the number for homes, condos, and townhomes in Tower Lakes for sale in the month of March 2013. In fact, the number of homes for sale has decreased for the last three years, with the number falling from 16 homes for sale in March 2011 to 7 homes for sale in March 2012 to 6 homes for sale in March 2013. However, the number of new listings remained constant at 2 new listings for the March 2012 and March 2013, which represents a slight increase over March 2011’s 1 new listings. There was also an increase in the month’s supply of inventory, as the number rose from 3.7 homes in March 2012 to 4.0 homes in March 2013. There were no closed sales for homes, townhomes, and condos in Tower Lakes sold for the month of March 2013, which compares to 2 closed sales in March 2012 and 1 closed sale in March 2011.
Since there was no closed sale for the month, there is also no median sales price to compare to previous years. However, it is worth mentioning that the median sales price went up significantly last year, as the price increased from $294,000 in March 2011 to $417,500 in March 2012. There are also no results for market time for March 2013, but last year saw a slight improvement in the market time as the number of days Tower Lakes homes for sale remained on the market decreased from 241 days in March 2011 to 216 days in March 2013. Without substantial data to compare to previous years, it is difficult to determine its effects on the real estate market. It is, however, encouraging news that the number of houses on the market have remained fairly steady over the last year.
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.