January 2016 Real Estate Sales in Glendale
What’s ahead for Glendale real estate this year? For now, supply is low and demand remains high. As a result, buyers must stay patient and realistic. However, stagnant wages and rising prices are dampening enthusiasm. Many buyers are experiencing the winter blahs. In fact, Fannie Mae’s latest Home Purchase Sentiment Index shows a decline. Optimism about home buying dropped 1.7 points last month.
So, what kind of market are we in? Look at three factors: the pace of sales, the number of homes for sale, and how close the final price is to the list price. In a hot market, homes sell fast—often in days and over asking. But in a slower market, listings linger, and negotiation becomes key. That’s where an experienced Realtor makes a difference. They can explain local trends and help you understand how the market affects your goals.
January 2016 Real Estate Sales in Glendale CA Recap:
In addition to homes becoming more expensive, they are getting larger again; the size of new homes rose last year, suggesting Americans’ love of space remains strong, but making new homes less affordable for a bigger swath of buyers. The average size climbed to 2,720 square feet in 2015 from 2,660 square feet the previous year. Read more here:
