The John Herman Team is pleased to release the latest results for the November 2013 real estate performance review in Port Barrington homes. There were 2 homes sold a year ago in November, 2012 and 3 in November 2011. So all indications are that November is a historically slow month in Port Barrington.
Additionally there was no reporting for the median price change nor the time on market. In November 2012 the average price was $257500, up from $190000 in November 2011. Listings are on the increase however, as 5 homes were listed in November 2013, compared with 4 listed a year ago in November, for a 25% increase in listings. This brings the homes for sale in Port Barrington to 15 in November 2013. There were 16 homes for sale in November 2012.
Time on the market has gone down from 8 months supply to a 5.6 month supply, a 30.6% decrease.Although November was a slow month in sales, indications are still that sales are on the increase overall, as inventory is down and the months on the market is decreasing.