1. Prudential Visions Realty
Helping Home Owners & Home Buyers
Become Savvy Consumers
Prudential Visions Realty | Michael Kurowski| 847.806.8385 | 303 East Main Barrington
Helping home owners and home buyers become savvy consumers
July 2013
Barrington-area median home price up
14.9%; sellers in command in lower price
range
Strong momentum continued in July for Barrington-area real estate as median sales price increased, market
time fell and sold properties continued to outpace new market activity.
MARKET SNAPSHOT
 Median sales price rose 14.9% year over year
 The number of closed sales rose 66.7% continuing the record pace this year
 The below $345,000 price range reflects a strong seller’s market
 The middle price range continues to favor buyers
 The measures of Market Time and Percent of Original List Price improved significantly, reflecting the
strong pace of activity
Here is the story behind the headlines:
MEDIAN SALE PRICE: The median sales price for homes in the Barrington area rose 14.9% year over
year to $500,000, the highest price point since June 2011. However, the 12-month rolling average is still soft,
showing the positive price movement is still in its early stages. The price gains are especially strong in the
price ranges below $549,900.
The $500,000 median sale
price is the highest level since
June 2011.
MEDIAN SOLD PRICE
IN BARRINGTON

2. Prudential Visions Realty
Helping Home Owners & Home Buyers
Become Savvy Consumers
Prudential Visions Realty | Michael Kurowski| 847.806.8385 | 303 East Main Barrington
Helping home owners and home buyers become savvy consumers
CLOSED SALES: For the second month in a row, closed sales are hitting record territory. The number
of closed sales during the month rose 66.7% year over year to 85 from 51 the prior July. This reflects a 5-year
high of activity and 7 consecutive months of increases. There was strong activity in all price ranges.
MARKET TIME: Market time – the number of days from listing to contract date — has fallen slightly to 143
days. This is a slight decline from the previous July and an 10% drop from June. Homes below $345,000 have
seen dramatic reductions selling in 58 days.
PERCENT ORIGINAL LIST PRICE: As market time decreased, Percent of Original List Price hovered
around the same point as last month. In July sellers were capturing 93.8% of their original list price, up from
88.1% just one year ago and a 10-point jump in the last two years.
Both these measures reflect sellers who are more realistic about the value of their property and buyers who
are coping with a shrinking inventory.
While there are seasonal highs and
lows in sales, the number of closed
sales this spring and summer has
brought us into record territory.
CLOSED SALES IN
BARRINGTON

3. Prudential Visions Realty
Helping Home Owners & Home Buyers
Become Savvy Consumers
Prudential Visions Realty | Michael Kurowski| 847.806.8385 | 303 East Main Barrington
Helping home owners and home buyers become savvy consumers
 UNDER CONTRACT: Properties under contract continued the positive momentum in Barrington real
estate as 80 homes went under contract during the month, up 31.1% from 61 one year ago. The price
range below $345,000 was especially strong with 34 or 42.5% of the total.
BARRINGTON HOMES UNDER
CONTRACT
ANNUAL TREND
Here is the trend of the 12-month rolling
average of homes under contract. The
momentum shows no signs of abatement.
MARKET TIME IN
BARRINGTON
Homes priced below $345,000
have seen dramatic drops in
market time in the last year.

4. Prudential Visions Realty
Helping Home Owners & Home Buyers
Become Savvy Consumers
Prudential Visions Realty | Michael Kurowski| 847.806.8385 | 303 East Main Barrington
Helping home owners and home buyers become savvy consumers
 INVENTORY: Inventory for the total Barrington-area real estate market stands at 7.6 month’s supply, the
fourth straight month of declines. As we’ve reported previously here is the standard definition of a buyers
vs. a seller’s market: buyers are favored at 7+ months and homes continue to see downward pressure on
pricing. At 5-6 months the market is “balanced” where both buyers and sellers have equal strength.
Inventory at 4 months or less favors the home seller, as buyer’s scramble to purchase the few properties
that are on the market. In this scenario home prices usually appreciate.
Consider these huge differences in two different price ranges in the Barrington area:
S
E
L
L
E
R
S
PRICE RANGE $345,000 AND BELOW
MONTH’S SUPPLY OF INVENTORY 4 mos.
CLOSED SALES + 44%
MEDIAN SALES PRICE + 23%
MARKET TIME - 55%
% ORIGINAL LIST PRICE + 6%
NEW LISTINGS - 33%
B
U
Y
E
R
S
PRICE RANGE $549,900 - $849,899
MONTH’S SUPPLY OF INVENTORY 9 mos.
CLOSED SALES + 91%
MEDIAN SALES PRICE - 6%
MARKET TIME + 81%
% ORIGINAL LIST PRICE + 6%
NEW LISTINGS + 18%
Questions about your next move in the housing market?
Contact me to help plan out your strategy. I would love to help you become a savvy consumer.