The Elgin market pulled back with a 2.2% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (119.2) with 134 homes sold. On the other hand, close-by Hoffman Estates registered 79 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $172,500 over the latest reporting period for Elgin, down from $173,000. With only three months of inventory to sell, Elgin is a seller's market, in spite of the dip in sales.
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