As a real estate agent selling Glendale homes,  it is crucial that I keep apprised of current real estate prices in all of the communities in which I work.  At the beginning of the month I search the multiple listing service (MLS) and examine last month’s closings.

The good:
Percentage of foreclosures & short sales are down, which pushed up the price per sq ft, pushed down the days on market (dom)
Average sales price to list price increased

The not so good:
Number of July home sales dropped a bit from last month’s sales
Average sales price decreased to the third lowest for the year
Absorption rate increased



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