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 1.7 months of supply at the end of May.
Elmhurst Market Times
Single family home market times decreased in May. Homes were on the market for an average of 48 days compared to 58 days last year at the same time, a 17.2% decrease. The average time a condo/townhome stayed on the market was 34 days compared to last year when it was 60 days, a decrease of 43.3%.
Elmhurst Months Supply
Single family home inventories in Elmhurst had a 1.7 month supply at the end of May, a 15% decrease compared to the 2 months last year at the same time. The supply of condos and townhomes decreased 60% in May with a 1 month supply this year compared to 2.5 months last year at the same time.
Elmhurst Homes For Sale
At the end of May there were 94 single family homes for sale in Elmhurst, a decrease of 29.3% from last year when there were 133 homes for sale. The number of condos and townhomes for sale decreased 55.2% in May with 13 for sale this year compared to last year when there were 29 for sale.
Elmhurst New Listings
May single family home new listings decreased with 113 new listings compared to 139 last year at the same time, a 18.7% decrease. Condo and townhome new listings increased 30.8% with 17 new listings this year compared to 13 last year at the same time.
Elmhurst Real Estate Closings
The number of single family home closed sales decreased with 59 closings this May compared to 72 last year, an 18.1% decrease. Condo and townhome closings decreased with 10 closings this May compared to 14 last year at the same time, a 28.6% decrease.