This chart isn’t quite as “simple” as I intended, but let’s take a look at what we’ve got:
Seasonality is smack-you-in-the-face obvious. More sales in the summer months and fewer sales in the winter months, year after year.
The overall trendline (light green dotted line) slopes upward, although it isn’t very steep. In fact, the trendline is almost flat if we’re looking at only the last 2-3 years.
Comparing the sales volume for October, the last 3 years’ results all fall within a 10% range, between 300 (in 2015) and 331 (in 2016.)
While prices in Glendale have continued to rise, the number of sales has leveled off. This is because Glendale doesn’t have as much new construction as some of the cities on the outskirts of town, and because there hasn’t been a significant change in the commercial-educational-entertainment landscape which would cause Glendale to become inherently more desirable.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.