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 1.4 months of supply at the end of April. Market times decreased more than 59% compared to last year.
Elmhurst Market Times
Single family home market times decreased in April. Homes were on the market for an average of 34 days compared to 84 days last year at the same time, a 59.5% decrease. The average time a condo/townhome stayed on the market was 17 days compared to last year when it was 69 days, a decrease of 75.4%.
Elmhurst Months Supply
Single family home inventories in Elmhurst had a 1.4 month supply at the end of April, more than a 26% decrease compared to the 1.9 months last year at the same time. The supply of condos and townhomes decreased 59.3% in April with 1.1 months supply this year compared to 2.7 months last year at the same time.
Elmhurst Homes For Sale
At the end of April there were 81 single family homes for sale in Elmhurst, a decrease of 35.7% from last year when there were 126 homes for sale. The number of condos and townhomes for sale decreased 59.4% in April with 13 for sale this year compared to last year when there were 32 for sale.
Elmhurst New Listings
April single family home new listings decreased with 78 new listings compared to 149 last year at the same time, a 47.7% decrease. Condo and townhome new listings decreased 33.3% with 18 new listings this year compared to 27 last year at the same time.
Elmhurst Real Estate Closings
The number of single family home closed sales decreased with 74 closings this April compared to 75 last year, a 1.3% decrease. Condo and townhome closings increased with 17 closings this April compared to 14 last year at the same time, a 21.4% increase.