(PRWEB) May 08, 2013
There was a slight decrease in the number of closed sales for homes, townhomes and condos in North Barrington for the month of April 2013. After an increase last year as the number of closed sales rose from 5 closed sales in April 2011 to 8 closed sales in April 2012, the number fell back down to 5 closed sales for April 2013. There was also a decrease of 19.2% in the median sales price for homes in the area. The median sales price fell for the third straight year falling from $ 799,000 in April 2011 to $ 650,000 in April 2012 to finally $ 5225,000 for April 2013. The month also saw a decrease in the number of North Barrington homes for sale in April 2013. The number of homes for sale in the area dropped from 78 homes for sale in April 2011 to 74 homes for sale in April 2012, to finally 51 homes for sale in April 2013.
There was, however, an increase of 33.3% in the number of new listings for homes for sale in the area. The number of new listings rose from 9 new listings in April 2012 to 12 new listings in April 2013. The month did show a decrease in the months supply of inventory for the third year in a row. The months supply of inventory fell from 22.3 homes in April 2011 to 19.9 homes in April 2012 to finally 10.6 homes in April 2013. The months did see a slight improvement of 3.4 % in the market time for homes, condos, and townhomes in North Barrington. The number of days homes remained on the market declined from 565 days in March 2012 to 545 days for this year, March 2013.
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.
