There are nearly 1400 Glendale real estate agents who are members of the MLS (Multiple Listing Service).  In October, 38 Glendale homes sold. 



Although I have closed a few short sales in less than six weeks, that is not necessarily the norm. Since May, Lisa has been waiting for  BofA short sale approval for one of her buyers.  Buyers are tiring of the short sale waiting game and the foreclosure circus.  Listings for traditional home sellers (real people) are in high demand, buyers and their real estate agents don’t want to work on the bank’s timeline. 

Let’s see how last month's Glendale’s real estate statistics came in:



The number of homes sold remained the same
Price per square foot jumped
DOM (days on market) decreased from last month
Average selling price increased
% of sales price to list price reflects a minimal decrease
Absorption rate continues to hover in the 4% range