Elmhurst Real Estate Market Conditions – April 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 4.6 months of supply at the end of April. Home sales decreased more than 16% compared to last year.

Elmhurst Market Times

Single family home market times decreased in April. Homes were on the market for an average of 95 days compared to 103 days last year at the same time, a 7.8% decrease. The average time a condo/townhome stayed on the market was 75 days compared to last year when it was 136 days, a decrease of 44.9%.

Elmhurst Real Estate Market Conditions - April 2020 market time

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 4.6 month supply at the end of April, more than a 24% decrease compared to the 6.1 months last year at the same time. The supply of condos and townhomes increased 17.5% in April with 4.7 months supply this year compared to 4 months last year at the same time.

Elmhurst Real Estate Market Conditions - April 2020 months supply

Elmhurst Homes For Sale

At the end of April there were 211 single family homes for sale in Elmhurst, a decrease of 27% from last year when there were 289 homes for sale. The number of condos and townhomes for sale increased 10.3% in April with 43 for sale this year compared to last year when there were 39 for sale.

Elmhurst Real Estate Market Conditions - April 2020 homes for sale

Elmhurst New Listings

April single family home new listings decreased with 64 new listings compared to 156 last year at the same time, a 59% decrease. Condo and townhome new listings decreased 51.6% with 15 new listings this year compared to 31 last year at the same time.

Elmhurst Real Estate Market Conditions - April 2020 new listings

Elmhurst Real Estate Closings

The number of single family home closed sales decreased with 46 closings this April compared to 55 last year, more than a 16% decrease. Condo and townhome closings increased with 7 closings this April compared to 6 last year at the same time, a 16.7% increase.

Elmhurst Real Estate Market Conditions - April 2020 closed sales

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

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