The earlier post this week looked at the annual performance of South Pasadena real estate prices and to what degree did the market change in 2008 compared to 2007. The results were somewhat surprising considering the current market and economic conditions. The data indicated the median price of a single family home actually increased in 2008. After looking at prices then we have to look at the other variable which was the number of houses that were sold. The number of closed transactions … [Read more...]