Glendale Real Estate Statistics October 2015: What makes a top Glendale Realtor? First, it is someone who knows the ins and outs of the current market. One who keeps track of pricing trends. That’s why each month we dive deep. We crunched the numbers, and the Glendale real estate statistics are out. Last month, fifty-one Glendale homes sold. There are as many home sales as in the peak spring selling season.
Glendale Real Estate Statistics October 2015 Recap:
Many Glendale homes are currently selling with multiple offers and overbids. Buyers are acting quickly and competitively. Well-priced homes often go into escrow within days. This intense demand reflects a strong and active market. Moreover, the low absorption rate is a key indicator. It shows that if no new homes were listed in Glendale, the existing inventory would run out in just two months.
This tight supply favors sellers and creates challenges for buyers who must move quickly and make strong offers. As a result, pricing, preparation, and strategy are more critical than ever. Properly presented homes stand out and attract serious interest. In short, Glendale remains a highly competitive market.
Related Post: Southern California home prices dipped slightly in September from a month earlier, as the housing market entered a traditionally slower season. The region’s median price- where half of homes sold for more and half for less- fell 0.7% from August to $435,000 last month, real estate firm CoreLogic said Monday. Read more about this LA Times article here
