Many of the charts and graphs used in determining the direction of the Pasadena housing market (single family) include the basic measurements such as current inventory, days on market, and the number of homes sold. These indicators usually provide an "at a glance" view and direction of the current trends. I am going to look back on 2009 and include some other areas of analysis and see how the market progressed as it came out of hibernation in the early part of the year to recover and produce … [Read more...]
Checking the Pasadena Real Estate Market’s Vital Signs
May 31, 2009 By 2 Comments
These new statistics provide a compelling story of the Pasadena Real Estate market. They provide two years worth of monthly reports that allow you to form your own conclusions as to the pending improvement or the continuing decline of our local housing market. The data looked only at single family residential detached homes. From the data presented, two of the charts offer reasons for optimism. The first is the Monthly Supply of Inventory. Housing units available for sale are basically at … [Read more...]
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