Elmhurst Real Estate Market Conditions – October 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 32% and inventory decreased more than 53% in October.

Elmhurst Market Times

Single family home market times increased in October. Homes were on the market for an average of 127 days compared to 108 days last year at the same time, a 17..6% increase. The average time a condo/townhome stayed on the market was 62 days compared to last year when it was 119 days, a decrease of 47.9%.

Elmhurst Real Estate Market Conditions - October 2020 market time

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.8 month supply at the end of October, a 53.3% decrease compared to last year at this time when the months supply was 6 months. The supply of condos and townhomes increased 10.9% in October with 5.1 months supply this year compared to last year when the months supply was 4.6.

Elmhurst Real Estate Market Conditions - October 2020 months supply

Elmhurst Homes For Sale

At the end of October there were 161 single family homes for sale in Elmhurst, a decrease of 42.7% from last year when there were 281 homes for sale. The number of condos and townhomes for sale increased 2.2% in October with 46 for sale this year compared to last year when there were 45 for sale.

Elmhurst Real Estate Market Conditions - October 2020

Elmhurst New Listings

October single family home new listings decreased with 105 new listings compared to 110 last year at the same time, a 4.5% decrease. Condo and townhome new listings decreased with 15 new listings compared to 23 last year at the same time, a 34.8% decrease.

Elmhurst Real Estate Market Conditions - October 2020

Elmhurst Real Estate Closings

The number of single family home sales increased with 65 closings this October compared to 49 last year, a 32.7% increase. Condo and townhome closings increased more than 71% with 12 closings this October, compared to the same time last year when there were 7 closings.

Elmhurst Real Estate Market Conditions - October 2020

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

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