Glendale real estate values continue to increase; both the average selling and median prices of Glendale homes have increased, year over year. The absorption rate is down. It continues to be a challenging real estate market for Glendale home buyers.
“Demand is growing, but supply is tightening,” said Jonathan Smoke, Realtor.com’s Chief Economist. “The real estate market won’t see growth unless inventory grows. (Nationally) The number of unsold available homes is at a 4.7 month supply, well below the standard six-month supply necessary for a healthy market. The situation differs in every market, even every neighborhood, each has its own unique, long-term trends in home values, which reflects local demand and supply conditions.”
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