Addison Real Estate Market Conditions – August 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. Condo and townhome sales increased more than 85% in August and the monthly inventory supply decreased more than 44%.

Addison Home Sales

Addison single family home sales decreased 12.9% in August with 27 home sales compared to last year at the same time when there were 31. Condo and townhome sales increased 85.7% with 13 closing this year compared to 7 closings last year the same time.

Addison Real Estate Market Conditions - August 2021

Addison Market Times

Addison single family home market times decreased during August. Single family homes were on the market for an average of 17 days, compared to 40 days last year at the same time, a 57.5% decrease. Condo/townhome market times decreased 7.4%. This year the average market time was 25 days compared to 27 days last year.

Addison Real Estate Market Conditions - August 2021

Addison New Listings

During August, 62 single family homes were listed for sale in Addison, that’s an increase of 34.8% compared to the 46 new listings last year. New condos/townhomes had 19 new listings this August compared to the 32 new listings last year.at the same time, a decrease of 40.6%.

Addison Real Estate Market Conditions - August 2021

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. August ended with 1.8 months of supply, a 33.3% decrease from last year at the same time when there was a 2.7 month supply. The months supply of condos/townhomes was 2.5 months for sale this August, a 44.4% decrease from last year at the same time when there was a 4.5 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - August 2021

Addison Homes For Sale

At the end of August there were 55 single family homes for sale in Addison, a 24.7% decrease from last year when there 73 homes for sale. The number of condos and townhomes for sale decreased with 34 for sale this year, a 20.9% decrease from last year when there were 43 for sale.

Addison Real Estate Market Conditions - August 2021

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Elmhurst Real Estate Market Conditions – August 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 inventory decreased more than 27% in August.

Elmhurst Market Times

Single family home market times decreased in August. Homes were on the market for an average of 51 days compared to 88 days last year at the same time, a 42% decrease. The average time a condo/townhome stayed on the market was 49 days compared to last year when it was 100 days, a decrease of 51%.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.6 month supply at the end of August, a 27.8% decrease compared to last year at this time when the months supply was 3.6 months. The supply of condos and townhomes decreased 56.7% in August with 2.6 months supply this year compared to last year when there was a 6 month supply.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Homes For Sale

At the end of August there were 159 single family homes for sale in Elmhurst, a decrease of 17.6% from last year when there were 193 homes for sale. The number of condos and townhomes for sale decreased 36% in August with 32 for sale this year compared to last year when there were 50 for sale.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst New Listings

August single family home new listings decreased slightly with 121 new listings compared to 122 last year at the same time, a 0.8% decrease. Condo and townhome new listings decreased with 19 new listings compared to 27 last year at the same time, a 29.6% decrease.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Real Estate Closings

The number of single family home sales decreased with 61 closings this August compared to 90 last year, a 32.2% decrease. Condo and townhome closings decreased 26.3% with 14 closings this August, compared to the same time last year when there were 19 closings.

Elmhurst Real Estate Market Conditions - August 2021

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Buffalo Grove Real Estate Market Conditions – July 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 58% in July.

Market Times

Single family home market times decreased in July. Homes were on the market for an average of 17 days compared to 71 days last year at the same time, a 76.1% decrease. The average time a condo/townhome stayed on the market was 47 days compared to last year when it was 71 days, a decrease of 33.8%.Buffalo Grove Real Estate Market Conditions - July 2021

Months Supply

Single family home inventories in Buffalo Grove had a 1.3 month supply at the end of July, a 58.1% decrease compared to last year at this time when the months supply was 3.1 months. The supply of condos and townhomes decreased 55.3% in July with 2.1 months supply this year compared to last year when the months supply was 4.7 months.Buffalo Grove Real Estate Market Conditions - July 2021

Homes For Sale

At the end of July there were 62 single family homes for sale in Buffalo Grove, a decrease of 38% from last year when there were 100 homes for sale. The number of condos and townhomes for sale decreased 32.8% in July with 88 for sale this year compared to last year when there were 131 for sale.Buffalo Grove Real Estate Market Conditions - July 2021

New Listings

July single family home new listings increased with 75 new listings compared to 68 last year at the same time, a 10.3% increase. Condo and townhome new listings decreased with 63 new listings compared to 84 last year at the same time, a 25% decrease.Buffalo Grove Real Estate Market Conditions - July 2021

Real Estate Closings

The number of single family home sales increased with 62 closings this July compared to 55 last year, a 12.7% increase. Condo and townhome closings increased 60.6% with 53 closings this July, compared to the same time last year when there were 33 closings.Buffalo Grove Real Estate Market Conditions - July 2021

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Elmhurst Real Estate Market Conditions – July 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 9% and inventory decreased more than 31% in July.

Elmhurst Market Times

Single family home market times decreased in July. Homes were on the market for an average of 51 days compared to 95 days last year at the same time, a 46.3% decrease. The average time a condo/townhome stayed on the market was 80 days compared to last year when it was 220 days, a decrease of 63.6%.Elmhurst Real Estate Market Conditions - July 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.6 month supply at the end of July, a 31.6% decrease compared to last year at this time when the months supply was 3.8 months. The supply of condos and townhomes decreased 51.7% in July with 2.8 months supply this year compared to last year when the months supply was 5.8 months.Elmhurst Real Estate Market Conditions - July 2021

Elmhurst Homes For Sale

At the end of July there were 164 single family homes for sale in Elmhurst, a decrease of 17.2% from last year when there were 198 homes for sale. The number of condos and townhomes for sale decreased 31.3% in July with 33 for sale this year compared to last year when there were 48 for sale.Elmhurst Real Estate Market Conditions - July 2021

Elmhurst New Listings

July single family home new listings increased with 135 new listings compared to 125 last year at the same time, an 8% increase. Condo and townhome new listings decreased with 27 new listings compared to 31 last year at the same time, a 12.9% decrease.Elmhurst Real Estate Market Conditions - July 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 89 closings this July compared to 81 last year, a 9.9% increase. Condo and townhome closings didn’t have a decrease or an increase with 11 closings this July and last year.Elmhurst Real Estate Market Conditions - July 2021

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Addison Real Estate Market Conditions – July 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 54% in July.

Addison Home Sales

Addison single family home sales decreased 2.9% in July with 33 home sales compared to last year at the same time when there were 34. Condo and townhome sales increased more than 7% with 15 closing this year compared to 14 closings last year the same time.

Addison Real Estate Market Conditions - July 2021

Addison Market Times

Addison single family home market times decreased during July. Single family homes were on the market for an average of 19 days, compared to 70 days last year at the same time, a 72.9% decrease. Condo/townhome market times decreased 38.6%. This year the average market time was 43 days compared to 70 days last year.

Addison Real Estate Market Conditions - July 2021

Addison New Listings

During July, 41 single family homes were listed for sale in Addison, that’s a decrease of 25.5% compared to the 55 new listings last year. New condos/townhomes had 30 new listings this July compared to the 19 new listings last year.at the same time, an increase of 57.9%.

Addison Real Estate Market Conditions - July 2021

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. July ended with 1.4 months of supply, a 54.8% decrease from last year at the same time when there was a 3.1 month supply. The months supply of condos/townhomes was 2.4 months for sale this July, a 40% decrease from last year at the same time when there was a 4 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - July 2021

Addison Homes For Sale

At the end of July there were 43 single family homes for sale in Addison, a 44.2% decrease from last year when there 77 homes for sale. The number of condos and townhomes for sale decreased with 32 for sale this year, an 8.6% decrease from last year when there were 35 for sale.

Addison Real Estate Market Conditions - July 2021

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