AZ: Glendale Seeing Quick Downtrend Prices

Daily Independent headline: Housing inventory booming in Glendale’s higher priced areas

Subheadline: ‘The market has absolutely shifted’…

“Just from March to July, inventory in this part of town has increased 253%, Palmer notes. Listings under contract have decreased by 33%, and showing requests have gone down 4.9%. Also, the median sales price in 85310 in March was $625,000, but by July dropped 15% to $540,000. ‘The market has absolutely shifted, and it’s shifting historically,’ he added. ‘Most experts feel like March/April was the peak of the market. And it’s actually turning faster than it did in ’08.'”