Addison Real Estate Market Conditions – December 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 market times decreased more than 43% in December.

Addison Home Sales

Addison single family home sales decreased 6.3% in December with 30 home sales compared to last year at the same time when there were 32. Condo and townhome sales were the exact same as last year at the same time with 15 closings.

Addison Real Estate Market Conditions - December 2021

Addison Market Times

Addison single family home market times decreased during December. Single family homes were on the market for an average of 56 days, compared to 99 days last year at the same time, a 43.4% decrease. Condo/townhome market times decreased 4.1%. This year the average market time was 70 days compared to 73 days last year.

Addison Real Estate Market Conditions - December 2021

Addison New Listings

During December, 16 single family homes were listed for sale in Addison, that’s a decrease of 15.8% compared to the 19 new listings last year. New condos/townhomes had 4 new listings this December compared to the 12 new listings last year.at the same time, a decrease of 66.7%.

Addison Real Estate Market Conditions - December 2021

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. December ended with 1 month of supply, a 44.4% decrease from last year at the same time when there was 1.8 months supply. The months supply of condos/townhomes was 0.8 months of supply this December, a 66.7% decrease from last year at the same time when there was a 2.4 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - December 2021

Addison Homes For Sale

At the end of December there were 30 single family homes for sale in Addison, more than a 37% decrease from last year when there 48 homes for sale. The number of condos and townhomes for sale decreased with 10 for sale this year, a 63% decrease from last year when there were 27 for sale.

Addison Real Estate Market Conditions - December 2021

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Buffalo Grove Real Estate Market Conditions – November 2021

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Buffalo Grove Real Estate Market Update

The Buffalo Grove Real Estate Market continues to see good market conditions despite the low inventory. Single family home sales increased more than 12% and inventory decreased more than 68% in November.

Market Times

Single family home market times decreased in November. Homes were on the market for an average of 29 days compared to 55 days last year at the same time, a 47.3% decrease. The average time a condo/townhome stayed on the market was 40 days compared to last year when it was 69 days, a decrease of 42%.

Buffalo Grove Real Estate Market Conditions - November 2021

Months Supply

Single family home inventories in Buffalo Grove had a 0.6 month supply at the end of November, a 68.4% decrease compared to last year at this time when the months supply was 1.9 months. The supply of condos and townhomes decreased 74.4% in November with a 1.1 month supply this year compared to last year when the months supply was 4.3 months.

Buffalo Grove Real Estate Market Conditions - November 2021

Homes For Sale

At the end of November there were 25 single family homes for sale in Buffalo Grove, a decrease of 62.1% from last year when there were 66 homes for sale. The number of condos and townhomes for sale decreased 63.6% in November with 47 for sale this year compared to last year when there were 129 for sale.

Buffalo Grove Real Estate Market Conditions - November 2021

New Listings

November single family home new listings decreased with 28 new listings compared to 44 last year at the same time, a 36.4% decrease. Condo and townhome new listings decreased with 29 new listings compared to 62 last year at the same time, a 53.2% decrease.

Buffalo Grove Real Estate Market Conditions - November 2021

Real Estate Closings

The number of single family home sales increased with 37 closings this November compared to 33 last year, a 12.1% increase. Condo and townhome closings increased 9.7% with 34 closings this November, compared to the same time last year when there were 31 closings.

Buffalo Grove Real Estate Market Conditions - November 2021

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Addison Real Estate Market Conditions – November 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 sales increased 13% in November.

Addison Home Sales

Addison single family home sales increased 13% in November with 26 home sales compared to last year at the same time when there were 23. Condo and townhome sales decreased 25% with 9 closing this year compared to 12 closings last year the same time.

Addison Real Estate Market Conditions - November 2021

Addison Market Times

Addison single family home market times increased during November. Single family homes were on the market for an average of 46 days, compared to 41 days last year at the same time, a 12.2% increase. Condo/townhome market times increased 136.4%. This year the average market time was 78 days compared to 33 days last year.

Addison Real Estate Market Conditions - November 2021

Addison New Listings

During November, 38 single family homes were listed for sale in Addison, that’s an increase of 18.8% compared to the 32 new listings last year. New condos/townhomes had 12 new listings this November compared to the 11 new listings last year at the same time, an increase of 9.1%.

Addison Real Estate Market Conditions - November 2021

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. November ended with 1.1 months of supply, a 50% decrease from last year at the same time when there was a 2.2 month supply. The months supply of condos/townhomes was 1.4 months of supply this November, a 39.1% decrease from last year at the same time when there was a 2.3 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - November 2021

Addison Homes For Sale

At the end of November there were 37 single family homes for sale in Addison, more than a 39% decrease from last year when there 61 homes for sale. The number of condos and townhomes for sale decreased with 18 for sale this year, a 30.8% decrease from last year when there were 26 for sale.

Addison Real Estate Market Conditions - November 2021

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Elmhurst Real Estate Market Conditions – November 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 7% while inventory decreased more than 36% in November.

Elmhurst Market Times

Single family home market times decreased in November. Homes were on the market for an average of 77 days compared to 85 days last year at the same time, a 9.4% decrease. The average time a condo/townhome stayed on the market was 46 days compared to last year when it was 48 days, a decrease of 4.2%.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.6 month supply at the end of November, a 36% decrease compared to last year at this time when the supply was 2.5 months. The supply of condos and townhomes decreased 53.8% in November with 1.8 months supply this year compared to last year when the months supply was 3.9 months.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst Homes For Sale

At the end of November there were 99 single family homes for sale in Elmhurst, a decrease of 31.7% from last year when there were 145 homes for sale. The number of condos and townhomes for sale decreased 40.5% in November with 22 for sale this year compared to last year when there were 37 for sale.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst New Listings

November single family home new listings decreased with 52 new listings compared to 57 last year at the same time, an 8.8% decrease. Condo and townhome new listings decreased with 11 new listings compared to 13 last year at the same time, a 15.4% decrease.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 58 closings this November compared to 54 last year, a 7.4% increase. Condo and townhome closings increased 30.8% with 17 closings this November, compared to the same time last year when there were 13 closings.

Elmhurst Real Estate Market Conditions - November 2021

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Elmhurst Real Estate Market Conditions – September 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 3.6% and inventory decreased more than 36% in September.

Elmhurst Market Times

Single family home market times decreased in September. Homes were on the market for an average of 50 days compared to 62 days last year at the same time, a 19.4% decrease. The average time a condo/townhome stayed on the market was 66 days compared to last year when it was 48 days, an increase of 37.5%.

Elmhurst Real Estate Market Conditions - September 2021

 

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.3 month supply at the end of September, a 36.1% decrease compared to last year at this time when the months supply was 3.6 months. The supply of condos and townhomes decreased 42.4% in September with 3.4 months supply this year compared to last year when the months supply was 5.9.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst Homes For Sale

At the end of September there were 146 single family homes for sale in Elmhurst, a decrease of 24.7% from last year when there were 194 homes for sale. The number of condos and townhomes for sale decreased 24.5% in September with 40 for sale this year compared to last year when there were 53 for sale.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst New Listings

September single family home new listings decreased with 107 new listings compared to 118 last year at the same time, a 9.3% decrease. Condo and townhome new listings increased with 29 new listings compared to 26 last year at the same time, an 11.5% increase.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 58 closings this September compared to 56 last year, a 3.6% increase. Condo and townhome closings increased 62.5% with 13 closings this September, compared to the same time last year when there were 8 closings.

Elmhurst Real Estate Market Conditions - September 2021

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