3 bedrooms 2 bathrooms remodeled home in Glendale Historic district,half of mile to Glendale City Hall,Glendale Glitters,walking distance to Myrtle and Sands Parks,two blocks walking to shopping centers.1.5 Mile to Glendale Community College.
Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase.
In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have ensued, and the busy spring-buying season is just around the corner.
Core Logic recently conducted an analysis on national home prices at the time of sale for their January 2018 Market Pulse Report and found that a third of homes sold for at least list price.
“The share selling above list price was almost three times the trough in January 2008 and represented more than one-fifth of total sales.”
Many markets in the western part of the country and around major cities are experiencing higher shares of homes selling above list price.
Without a large wave of new listings coming to market, buyers will continue competing with each other for the homes that are available. If you are thinking of selling your home, now may be the time to do so before more competition comes.
Call me I will help you determine the demand for your house in your area.
Martha Navarro HomeSmart Realtor