Buyers are ‘waiting for the fall’ in home prices

By Lisa Baker | Glendale Star

It’s October, and here in the Valley, we are waiting for the fall.

After we set a record 144 days over 100 degrees in a calendar year, we are finally enjoying the cooler temperatures of what we call autumn in the desert.

In the housing market, we’re still “waiting for the fall”—the cool-down we typically see going into the autumn season.

During September, 379 MLS listing sales closed in Glendale and 415 in Peoria.

At this writing, there are 212 active and available listings (not counting properties already under contract or pending close of escrow) in MLS in Glendale and 287 active listings in Peoria. That’s 56% of one month’s inventory in Glendale (down from 64.6% in August) and 69% of one month’s inventory in Peoria (down from 71.14% in August).

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