Elmhurst Real Estate Market Conditions – September 2019

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Elmhurst Real Estate Market Update

The Elmhurst Real Estate Market continues to see good market conditions while building some much needed inventory. Single family home inventory increased more than 13% and sales increased 4.8% in September.

Elmhurst Market Times

Single family home market times decreased in September. Homes were on the market for an average of 69 days compared to 114 days last year at the same time, an 39.5% decrease. The average time a condo/townhome stayed on the market was 110 days compared to last year when it was 62 days, an increase of 77.4%.

Elmhurst real estate market time Sept 2019

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 3.4 month supply at the end of September, a 13.3% increase compared to last year at this time when the months supply was 3 months. The supply of condos and townhomes decreased 29.3% in September with 2.9 months supply this year compared to last year when the months supply was 4.1.

Elmhurst real estate months supply Sept 2019

Elmhurst Homes For Sale

At the end of September there were 280 single family homes for sale in Elmhurst, an increase of 0.4% from last year when there were 279 homes for sale. The number of condos and townhomes for sale decreased 22% in September with 39 for sale this year compared to last year when there were 50 for sale.

Elmhurst real estate homes for sale Sept 2019

Elmhurst New Listings

September single family home new listings increased with 124 new listings compared to 119 last year at the same time, a 4.2% increase. Condo and townhome new listings increased 6.3% with 17 new listings this year compared to 16 last year at the same time.

Elmhurst real estate new listings Sept 2019

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 44 closings this September compared to 42 last year, a small 4.8% increase. Condo and townhome closings decreased more than 37% with 5 closings this September, compared to the same time last year when there were 8 closings.

Elmhurst real estate closed sales Sept 2019

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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