Glendale Housing Update May 2019: Selling prices ranged from $610,000 for a two-bedroom, two-bath, 1,625 sq ft home on Stanford Dr. to $2,250,000 for a three-bedroom, three-bath, 2,879 square foot estate on Brockmont Dr. Last month forty-five Glendale homes closed escrow.
The average price per square foot was $559.00, and the average days on the market were just 27. Many Glendale, CA homes continue to sell for over asking price.
Glendale Housing Update May 2019 Recap:
Twenty-two Glendale homes sold above asking price. Twenty fetched less than listed. Three closed at the exact asking price. Six homes required price cuts before selling. Sellers adjusted prices to attract buyers. The absorption rate holds at 1.96%. This signals a fierce seller’s market. Inventory vanishes quickly. Harb and Co. tracks key metrics monthly. They calculate median selling prices. They compute average selling prices too. The median splits sales evenly. Half the homes sell above it. Half sell below it. This metric reflects market trends accurately. Averages can mislead. A surge in low-end sales distorts them. High-end outliers skew data too. Glendale’s market favors sellers strongly. Buyers compete intensely for homes. Demand outpaces supply consistently.
To learn more about the Glendale community, check out my real estate website.
