Glendale August 2015 Real Estate Values: I’m seeing more and more Glendale homes sell for over $2,000,000. However, the median price shows that entry-level buyers are fueling this market. At the same time, inventory remains low. The absorption rate sits at just 1.83%. That means there are fewer than two months of available listings. Demand is high. Supply is tight. Buyers need to move fast. Sellers are in a strong position. It is more important than ever to work with a top Glendale real estate agent who knows the ins and outs of the market.
Glendale August 2015 Real Estate Values Recap:
Although Glendale’s absorption rate is very low, the average home still sells for less than the list price. This might seem surprising in such a competitive market. However, it all comes down to pricing strategy. Now more than ever, sellers need to list just below market value. That small gap creates urgency. It attracts more buyers. It encourages competition. As a result, sellers often receive multiple offers, which drive the final price higher. In today’s market, strategic pricing is key. Price too high, and buyers walk away. Price just right, and you negotiate up—not down.
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