Glendale June 2015 Real Estate Values: The average selling price and the median price are at an all-time high. Last month, sixty-one lucky Glendale home buyers were found. The absorption rate is the lowest it has been all year. The average sales price and median selling price are both at year-to-date highs.
Glendale June 2015 Real Estate Values Recap:
While the absorption rate is the lowest it has been all year, the average sales price to list price ratio has dropped below 100%. In other words, homes are no longer consistently selling for over asking. That’s a shift. Now more than ever, home sellers must capitalize on the current low absorption rate. Why? Because it signals strong demand. If no new listings were added, the current inventory would be gone in just over one and a half months. That’s a tight market. For sellers, this presents a valuable opportunity. However, pricing strategy is key.
Experienced Realtors advise their clients to list just slightly below market value. Why? Doing so can spark a bidding war. That frenzy often leads to multiple offers and, ultimately, an over-asking sale price. In today’s shifting market, strategic pricing makes all the difference. Contact us today for a customized marketing proposal.
