Elmhurst Real Estate Market Update
The Elmhurst Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home inventory had 4.9 months of supply at the end of November. The supply of condos and townhomes decreased more than 40% with 3.5 months supply.
Elmhurst Market Times
Single family home market times increased in November. Homes were on the market for an average of 106 days compared to 93 days last year at the same time, a 14% increase. The average time a condo/townhome stayed on the market was 69 days compared to last year when it was 39 days, an increase of 76.9%.
Elmhurst Months Supply
Single family home inventories in Elmhurst had a 4.9 month supply at the end of November, the same amount as last year at this time. The supply of condos and townhomes decreased 40.7% in November with 3.5 months supply this year compared to last year when the months supply was 5.9.
Elmhurst Homes For Sale
At the end of November there were 235 single family homes for sale in Elmhurst, a decrease of 0.4% from last year when there were 236 homes for sale. The number of condos and townhomes for sale decreased 30% in November with 35 for sale this year compared to last year when there were 50 for sale.
Elmhurst New Listings
November single family home new listings increased with 64 new listings compared to 55 last year at the same time, a 16.4% increase. Condo and townhome new listings increased 11.1% with 10 new listings this year compared to 9 last year at the same time.
Elmhurst Real Estate Closings
The number of single family home closed sales decreased with 41 closings this November compared to 50 last year, an 18% decrease. Condo and townhome closings decreased 35.7% with 9 closings, compared to the same time last year when there were 14 closings.