Elmhurst Real Estate Market Conditions – February 2020

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 4.3 months of supply at the end of February. Home sales increased more than 12% compared to last year.

Elmhurst Market Times

Single family home market times decreased in February. Homes were on the market for an average of 125 days compared to 138 days last year at the same time, a 9.4% decrease. The average time a condo/townhome stayed on the market was 107 days compared to last year when it was 45 days, an increase of 137.8%.Elmhurst Real Estate Market Conditions - February 2020 market times

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 4.3 month supply at the end of February, more than an 8% decrease compared to the 4.7% last year at the same time. The supply of condos and townhomes decreased more than 32% in February with 3.9 months supply this year compared to 5.8 months last year at the same time.Elmhurst Real Estate Market Conditions - February 2020 months supply

Elmhurst Homes For Sale

At the end of February there were 215 single family homes for sale in Elmhurst, a decrease of 4.9% from last year when there were 226 homes for sale. The number of condos and townhomes for sale decreased 21.6% in February with 40 for sale this year compared to last year when there were 51 for sale.Elmhurst Real Estate Market Conditions - February 2020 homes for sale

Elmhurst New Listings

February single family home new listings increased with 129 new listings compared to 92 last year at the same time, a 40.2% increase. Condo and townhome new listings decreased 23.5% with 13 new listings this year compared to 17 last year at the same time.Elmhurst Real Estate Market Conditions - February 2020 new listings

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 27 closings this February compared to 24 last year, more than a 12% increase. Condo and townhome closings decreased with 3 closings this February compared to 5 last year at the same time, a 40% decrease.Elmhurst Real Estate Market Conditions - February 2020 closed

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The post Elmhurst Real Estate Market Conditions – February 2020 appeared first on Getting Real.

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