Glendale Real Estate Values May 2015: We compile the statistics each month to provide an update on Glendale real estate values. For this recap, we only use data on single-family residential real estate sales in Glendale, California. We do not include condos, townhomes, or duplexes.
Glendale Real Estate Values May 2015 Recap: Signs it is a seller’s market:
1) The number of days on the market is the lowest year to date
2) The selling price to list price is the highest year to date
3) The absorption rate is the highest year to date.
Takeaway: In a seller’s market, fewer homes are available than buyers looking to purchase a home, creating a competitive environment where bidding wars and quick sales can be common. While sellers can often secure higher prices and more favorable contract terms, preparing the home properly and setting a strategic asking price at the outset are still key to attracting strong offers and ensuring a smooth closing.
Do you think you want to call Glendale home? Why not contact us for a 15-minute buyer consultation? It’s simple, and there is no obligation.
