I report on the same statistics every time, and I’ll tell you if that number is more or less than the last report- it’s kind of like a stock market ticker. Next week I will note the change of value in parentheses for the difference between this market update and last market update. This way, you will have a weekly update for a sense of how your home’s “value” is trending.
Here are the statistics:
Active– the single family homes available at the time I pull the report
In Escrow– all single family homes under contract at the time I pull the report
Sold– all single family homes that closed escrow within 6 months from the time I pull the report
Median Price (Med. Price)– the median price all single family homes that sold within 6 months from the time I pull the report.
Days on Market (DOM)– the average days it takes to put a home under contract
So, here it is, Downtown Glendale, your market watch:
Check back again next week for another update, where I tell you how much each number has changed.
I hope you are enjoying this feature and that it will provide you with some valuable information about your home!
Here is a sample of homes available for sale in Downtown Glendale: