The Elgin market pulled back with a 9.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (119.8) with 127 homes sold. Meanwhile, close-by Hoffman Estates reported 73 homes sales, the highest number from all the surrounding cities. Prices are rising in Elgin, and the median sales price this period increased from $170,000 to $174,000. In spite of the decrease in sales, a low three months of inventory signals that Elgin is a seller's market.
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