Elmhurst Real Estate Market Conditions – September 2020

Elmhurst Real Estate Market Update

The Elmhurst Real Estate Market continues to see good market conditions despite the low inventory. Single family home sales increased more than 22% and inventory decreased more than 45% in September.

Elmhurst Market Times

Single family home market times decreased in September. Homes were on the market for an average of 63 days compared to 70 days last year at the same time, a 10% decrease. The average time a condo/townhome stayed on the market was 48 days compared to last year when it was 110 days, a decrease of 56.4%.

Elmhurst Real Estate Market Conditions - September 2020

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 3.4 month supply at the end of September, a 45.2% decrease compared to last year at this time when the months supply was 6.2 months. The supply of condos and townhomes increased 10.4% in September with 5.3 months supply this year compared to last year when the months supply was 4.6.

Elmhurst Real Estate Market Conditions - September 2020

Elmhurst Homes For Sale

At the end of September there were 185 single family homes for sale in Elmhurst, a decrease of 36.2% from last year when there were 290 homes for sale. The number of condos and townhomes for sale increased 6.5% in September with 49 for sale this year compared to last year when there were 46 for sale.

Elmhurst New Listings

September single family home new listings decreased with 118 new listings compared to 126 last year at the same time, a 6.3% decrease. Condo and townhome new listings increased with 26 new listings compared to 17 last year at the same time, a 52.9% increase.

Elmhurst Real Estate Closings

The number of single family home sales increased with 55 closings this September compared to 45 last year, a 22.2% increase. Condo and townhome closings increased 60% with 8 closings this September, compared to the same time last year when there were 5 closings.

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

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