Elmhurst Real Estate Market Conditions – June 2021

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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 17% and inventory decreased more than 52% in June.

Elmhurst Market Times

Single family home market times decreased in June. Homes were on the market for an average of 40 days compared to 124 days last year at the same time, a 67.7% decrease. The average time a condo/townhome stayed on the market was 39 days compared to last year when it was 86 days, a decrease of 54.7%.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2 month supply at the end of June, a 52.4% decrease compared to last year at this time when the months supply was 4.2 months. The supply of condos and townhomes decreased 41.2% in June with 3 months supply this year compared to last year when the months supply was 5.1 months.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst Homes For Sale

At the end of June there were 134 single family homes for sale in Elmhurst, a decrease of 36.2% from last year when there were 210 homes for sale. The number of condos and townhomes for sale decreased 19% in June with 34 for sale this year compared to last year when there were 42 for sale.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst New Listings

June single family home new listings decreased with 139 new listings compared to 144 last year at the same time, a 3.5% decrease. Condo and townhome new listings increased 10.5% with 21 new listings this year compared to 19 last year at the same time.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 87 closings this June compared to 74 last year, a 17.6% increase. Condo and townhome closings increased 20% with 12 closings this June, compared to the same time last year when there were 10 closings.Elmhurst Real Estate Market Conditions - June 2021

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Addison Real Estate Market Conditions – June 2021

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Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home inventory decreased more than 62% in June and home sales increased more than 63%.

Addison Home Sales

Addison single family home sales increased 63.3% in June with 49 home sales compared to last year at the same time when there were 30. Condo and townhome sales increased more than 77% with 16 closing this year compared to 9 closings last year the same time.Addison Real Estate Market Conditions - June 2021

Addison Market Times

Addison market times decreased during June. Single family homes were on the market for an average of 25 days, compared to 93 days last year at the same time, a 73.1% decrease. Condo/townhome market times decreased 36.6%. This year the average market time was 26 days compared to 41 days last year.Addison Real Estate Market Conditions - June 2021

Addison New Listings

During June, 46 single family homes were listed for sale in Addison, that’s an increase of 4.5% compared to the 44 new listings last year. New condos/townhomes had 21 new listings this June compared to the 10 new listings last year at the same time, an increase of 110%.Addison Real Estate Market Conditions - June 2021

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. June ended with 1.1 months of supply, a 62.1% decrease from last year at the same time when there was a 2.9 month supply. The months supply of condos/townhomes decreased 39.3% from last June with 1.7 months supply for sale this year compared to 2.8 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.Addison Real Estate Market Conditions - June 2021

Addison Homes For Sale

At the end of June there were 36 single family homes for sale in Addison, a 50% decrease from last year when there 72 homes for sale. The number of condos and townhomes for sale decreased with 22 for sale this year, a 12% decrease from last year when there were 25 for sale.Addison Real Estate Market Conditions - June 2021

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Addison Real Estate Market Conditions – May 2021

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Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Both single family home and condo/townhome inventories decreased more than 63% in May.

Addison Home Sales

Single family home sales in Addison increased more than 18% in May. 32 single family homes closed this year compared to last year at the same time when there were 27 closings. Condo and townhome sales increased 233.3% with 20 closings this year compared to 6 closings last year the same time.

Addison Real Estate Market Conditions - May 2021

Addison Market Times

Addison condo and townhome market times increased during May. Single family homes market times remained the same from last year at the same time when homes were on the market for an average of 87 days. Condo/townhome market times increased 34%. This year the average market time was 63 days compared to 47 days last year at the same time.

Addison Real Estate Market Conditions - May 2021

Addison New Listings

During May 2021, 53 single family homes were listed for sale, a 10.4% increase compared to last year at the same time when there were 48 new listings. New condos/townhomes had 24 new listings, that’s a 9.1% increase compared to the 22 new listings last year at the same time.

Addison Real Estate Market Conditions - May 2021

Months Supply

Addison single family home inventory is still super, super low. May ended with 1.3 months of supply, more than a 63% decrease from last year at the same time when there was a 3.6 month supply. The months supply of condos/townhomes had a 63.6% decrease from last May with 1.2 months supply for sale this year compared to 3.3 months last year. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - May 2021

Addison Homes For Sale

At the end of May there were 42 single family homes for sale in Addison, a 52.3% decrease from last year when there were 88 homes for sale. The number of condos and townhomes for sale decreased with 16 for sale this year, a 44.8% decrease from last year when there were 29 for sale.

Addison Real Estate Market Conditions - May 2021

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Elmhurst Real Estate Market Conditions – May 2021

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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 1.8 months of supply at the end of May. Home sales increased more than 66% compared to last year.

Elmhurst Market Times

Single family home market times decreased in May. Homes were on the market for an average of 60 days compared to 88 days last year at the same time, a 31.8% decrease. The average time a condo/townhome stayed on the market was 60 days compared to last year when it was 120 days, a decrease of 50%.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.8 month supply at the end of May, more than a 58% decrease compared to the 4.3 months last year at the same time. The supply of condos and townhomes decreased 58.6% in May with 2.4 months supply this year compared to 5.8 months last year at the same time.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst Homes For Sale

At the end of May there were 122 single family homes for sale in Elmhurst, a decrease of 40.5% from last year when there were 205 homes for sale. The number of condos and townhomes for sale decreased 41.7% in May with 28 for sale this year compared to last year when there were 48 for sale.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst New Listings

May single family home new listings increased with 135 new listings compared to 110 last year at the same time, a 22.7% increase. Condo and townhome new listings decreased 26.3% with 14 new listings this year compared to 19 last year at the same time.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 70 closings this May compared to 42 last year, more than a 66.7% increase. Condo and townhome closings increased with 14 closings this May compared to 7 last year at the same time, a 100% increase.

Elmhurst Real Estate Market Conditions - May 2021

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Elmhurst Real Estate Market Conditions – April 2021

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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 1.7 months of supply at the end of April. Home sales increased more than 57% compared to last year.

Elmhurst Market Times

Single family home market times decreased in April. Homes were on the market for an average of 85 days compared to 94 days last year at the same time, a 9.6% decrease. The average time a condo/townhome stayed on the market was 69 days compared to last year when it was 75 days, a decrease of 8%.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.7 month supply at the end of April, more than a 65% decrease compared to the 4.9 months last year at the same time. The supply of condos and townhomes decreased 52.7% in April with 2.6 months supply this year compared to 5.5 months last year at the same time.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst Homes For Sale

At the end of April there were 114 single family homes for sale in Elmhurst, a decrease of 48.9% from last year when there were 223 homes for sale. The number of condos and townhomes for sale decreased 37.5% in April with 30 for sale this year compared to last year when there were 48 for sale.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst New Listings

April single family home new listings increased with 144 new listings compared to 64 last year at the same time, a 125% increase. Condo and townhome new listings increased 68.8% with 27 new listings this year compared to 16 last year at the same time.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 74 closings this April compared to 47 last year, more than a 57% increase. Condo and townhome closings increased with 14 closings this April compared to 7 last year at the same time, a 100% increase.

Elmhurst Real Estate Market Conditions - April 2021

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