November Newsletter

November Newsletter

As of October 2012, Elmhurst YTD sales are down 9%, from 922 to 839 homes sold. Year-To-Date October 2012 vs. Year-To-Date October 2011, the average price in the Elmhurst Area was down 1.49%. The YTD average price was down from $384,152 to $378,429. The YTD median price decreased 9.48%, from $320,000 to $303,500. As of November 24, 2012 there were 321 active listings in the MLS, representing a 7.35-month supply of inventory (MSI). Remember, 5.5 months is considered a "balanced" market by most. Year-To-Date average Days on Market (DOM) were up from 132 thru October 2011 to 141 thru October 2012.

MARKET SUMMARY - ELMHURST

  New Listings / % Change Closed Sales Avg. Price / % Change Median Price Days on Market
October 2012 66 / -4.35% 47 $359,774 /11.64% $311,500 137
October 2011 69   27 $322,254   $293,250 138
Year-To-Date 2012 839 /-9% 439 $378,426 /-1.49% $303,500 141
Year-To-Date 2011 922   369 $384,152   $320,000 132

 

 

The statistics presented in Market Tracker are compiled monthly based on figures and data generated by MRED for detached single family and attached single family properties. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of change should be used to analyze trends only. Property and statistical data sourced from MLS is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.

 

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Join Us!

The Gracik Makinney Group is looking to hire a new agent. If you are talented, motivated, and aspire to be part of something great, we're Elmhurst's fastest growing real estate group, and we need you!

We offer a good workplace and positive culture in order to be most productive. We invite you to contact us today for further information.

 

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