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 3.6 months of supply at the end of December. Home sales increased more than 90% compared to last year.
Elmhurst Market Times
Single family home market times decreased in December. Homes were on the market for an average of 117 days compared to 163 days last year at the same time, a 28.2% decrease. The average time a condo/townhome stayed on the market was 65 days compared to last year when it was 62 days, an increase of 4.8%.
Elmhurst Months Supply
Single family home inventories in Elmhurst had a 3.6 month supply at the end of December, more than a 14% decrease compared to the 4.2% last year at the same time. The supply of condos and townhomes decreased more than 45% in December with 3 months supply this year compared to the 5.5% last year at the same time.
Elmhurst Homes For Sale
At the end of December there were 176 single family homes for sale in Elmhurst, a decrease of 14.1% from last year when there were 205 homes for sale. The number of condos and townhomes for sale decreased 34.8% in December with 30 for sale this year compared to last year when there were 46 for sale.
Elmhurst New Listings
December single family home new listings decreased with 34 new listings compared to 43 last year at the same time, a 20.9% decrease. Condo and townhome new listings decreased 16.7% with 5 new listings this year compared to 6 last year at the same time.
Elmhurst Real Estate Closings
The number of single family home closed sales increased with 40 closings this December compared to 21 last year, more than a 90% increase. Condo and townhome closings remained the same with 7 closings, the same amount of closings last year at the same time.