A Multiple Listing search for Elmhurst homes shows that even though the number of homes sold has decreased, the home prices have remained about the same as in 2006. The information was based on 2nd quarter numbers for 2006-2008.
The bar graph above shows that the number of homes sold is down by about 17.5% compared to 2006.
The graph above shows the 2nd quarter prices in Elmhurst are about the same as in 2006. The decrease is just over $8,800 and as a percentage the drop is only 1.7%.
Although the national media has beating up the real estate industry for the last couple of years, Elmhurst real estate has not lost any signicant value over this period of time. From this data there would only be significant losses if someone purchased last year and sold this year.
If you would like to receive an accurate valuation of your home, or would like to buy soon contact your Elmhurst Realtor.
This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The search included only average prices of detached single family homes.
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