Elmhurst Real Estate Market Update
The Elmhurst Real Estate Market continues to see good market conditions despite the low inventory. Single family home sales decreased more than 44% and inventory decreased more than 7% in July.
Elmhurst Market Times
Single family home market times decreased in July. Homes were on the market for an average of 39 days compared to 51 days last year at the same time, a 23.5% decrease. The average time a condo/townhome stayed on the market was 28 days compared to last year when it was 80 days, a decrease of 65%.
Elmhurst Months Supply
Single family home inventories in Elmhurst had a 2.6 month supply at the end of July, a 7.1% decrease compared to last year at this time when the months supply was 2.8 months. The supply of condos and townhomes decreased 53.3% in July with 1.4 months supply this year compared to last year when the months supply was 3 months.
Elmhurst Homes For Sale
At the end of July there were 135 single family homes for sale in Elmhurst, a decrease of 22% from last year when there were 173 homes for sale. The number of condos and townhomes for sale decreased 52.8% in July with 17 for sale this year compared to last year when there were 36 for sale.
Elmhurst New Listings
July single family home new listings decreased with 86 new listings compared to 138 last year at the same time, a 37.7% decrease. Condo and townhome new listings decreased with 11 new listings compared to 28 last year at the same time, a 60.7% decrease.
Elmhurst Real Estate Closings
The number of single family home sales decreased with 50 closings this July compared to 90 last year, a 44.4% decrease. Condo and townhome sales increased with 14 closings this July compared to 11 last year, a 27.3% increase.