I pointed to some concerns about the pricing trend in Glendale a couple months ago (Mixed Signals in Glendale), and today’s follow-up chart confirms my suspicions.
Glendale’s Median Sales Price in May was up about 1% YoY from last May’s, $262,500 compared with $259,900 in May ‘18, after being down-to-flat for the entire 12 months in-between.
The high season isn’t over yet, so there’s still a chance for some price appreciation over the summer, but if we don’t see a bump in the next couple of months we could be in for a 2-year slowing trend…
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.