The inventory of single family homes for sale in DuPage County has decreased more than 38% from April 2013 to April 2014, with condos and townhomes remaining fairly stable with only a 5% decrease. April 2014 had a 3 month supply of single family homes for sale in DuPage County, compared to a 4.8 month supply last year.
Condos and townhomes had a 4.6 month supply compared to a 4.9 month supply in April 2013. Cook County is seeing extremely low inventory levels as well. The inventory of single family homes for sale in Cook County decreased almost 21% since April 2013, while the condo and townhome inventory decreased almost 19%. Cook County had a 3.5 month supply of homes for sale in April 2014, while there was a 4.4 months supply of condos and townhomes. In April 2013, Cook County had 5.4 months supply of condos and townhomes and 4.5 months of single family homes for sale.
These inventory numbers vary city by city, so if you’d like specifics on your area, please let me know. Whether you are interested in selling or planning to buy a home, give us a call to get our perspective and further data.