• calendar_month October 6, 2022
• folder Absorption Rate

See to truly get a grasp the climate of the market where it is and where it's going we must break it down to a hyper market level. So today dive in to Glendale CA, 91208.

91208 is still holding strong at a 66% Absorption rate with a health real estate market despite all the speculations of a market crash! 

As of today 91208 has 6 active single family homes available on market, while in the last 30 days 4 homes sold... safe to say we are still very much at a shortage of inventory which is why this market is holding strong as a "health" or "seller's market". We have a median list price of $1,772,000 and the median close price is at $1,604,000 in an average of 17 days on market. 

It will always come down to supply and demand, and it's safe to say in 91208 we have low supply and high demand!