Elmhurst Real Estate Market Update
The Elmhurst Real Estate Market had another solid month in April. Condo and townhome sales increased 50% from the previous year. Single family homes inventory increased more than 36%.
Elmhurst Market Times
Single family home and condo/townhome market times increased in April. Homes were on the market for an average of 103 days compared to 101 days last year at the same time, a small 2% increase. The average time a condo/townhome stayed on the market was 136 days compared to last year when it was 43 days, a huge increase of 216.3%.
Elmhurst Months Supply
Single family home inventories in Elmhurst had a 6 month supply at the end of April, a 36.4% increase compared to last year at this time when the months supply was 4.4 months. The supply of condos and townhomes decreased slightly, 5% in April with 3.8 months supply this year compared to last year when the months supply was 4.
Elmhurst Homes For Sale
At the end of April there were 285 single family homes for sale in Elmhurst, an increase of 30% from last year when there were 219 homes for sale. The number of condos and townhomes for sale increased more than 32% in April with 37 for sale this year compared to last year when there were 28 for sale.
Elmhurst New Listings
April single family home new listings increased with 156 new listings compared to 143 last year at the same time, a 9% increase. Condo and townhome new listings increased more than 36% with 30 new listings this year compared to the same time last year when there were 22 new listings.
Elmhurst Real Estate Closings
The number of single family home closed sales decreased with 55 closings this April compared to 65 last year, a 15.4% decrease. Condo and townhome closings increased with 6 closings this April compared to 4 last year, a 50% increase.
The post Elmhurst Real Estate Market Conditions – April 2019 appeared first on Getting Real.