Elmhurst Real Estate Market Conditions – June 2020

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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 35% and inventory decreased more than 40% in June.

Elmhurst Market Times

Single family home market times increased in June. Homes were on the market for an average of 126 days compared to 113 days last year at the same time, a 11.5% increase. The average time a condo/townhome stayed on the market was 86 days compared to last year when it was 45 days, an increase of 91.1%.

Elmhurst real estate market time jun 2020

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 4.2 month supply at the end of June, a 40.8% decrease compared to last year at this time when the months supply was 7.1 months. The supply of condos and townhomes increased 12.8% in June with 4.4 months supply this year compared to last year when the months supply was 3.9.

Elmhurst real estate months supply Jun 2020

Elmhurst Homes For Sale

At the end of June there were 208 single family homes for sale in Elmhurst, a decrease of 34.6% from last year when there were 318 homes for sale. The number of condos and townhomes for sale decreased 7.5% in June with 37 for sale this year compared to last year when there were 40 for sale.

Elmhurst real estate homes for sale June 2020

Elmhurst New Listings

June single family home new listings decreased with 141 new listings compared to 147 last year at the same time, a 4.1% decrease. Condo and townhome new listings were exactly the same as last year at the same time, 18 new listings.

Elmhurst real estate new listings June 2020

Elmhurst Real Estate Closings

The number of single family home sales increased with 73 closings this June compared to 54 last year, a 35.2% increase. Condo and townhome closings decreased 23.1% with 10 closings this June, compared to the same time last year when there were 13 closings.

Elmhurst real estate closed sales June 2020

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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