The John Herman Team has reviewed the new real estate stats for Kildeer, Illinois properties and reports that prices are up and inventory is down, and homes are staying on the market for a shorter time than a year ago.
The most dramatic numbers in the report are price and days on market. The average price of a home in Kildeer in November 2012 was $485,000, however, this year in November the median price was $660000, a 36.1% increase. While a year ago the average days on the market was 597, in November 2012 that number was down to 81 days, an astounding 86.3% decrease. This tells us that sellers are selling their homes for more money in less time.Supply of homes stayed the same, a year ago there were 7.2 months supply, while this year the supply is 7.1 months supply. Likewise, the number off properties on the market did not change much, but was down a little with 32 properties available in November 2013 and 38 available in November 2012, a 15.8% decrease.There were 3 properties reported as closed sales in both November 2012 and November 2013. There was also no change in the number of properties listed in November 2012 and November 2013, with 6 being listed in both periods.
The John Herman team has analyzed these numbers and summarizes that it is a great time to sell. Inventory is needed and buyers should be ready to make a decision if they see a home they like. As always, contact the John Herman team for expert advice in buying or selling in Kildeer homes.