Thursday, March 11, 2010

Pasadena Housing Market Key Statistics

June 1, 2009 by Doug Willis  
Filed under Pasadena Market Reports

I have assembled some key statistics for the Pasadena single family residential housing market. It is my intention to provide these on a monthly basis so that we may compare our local Pasadena real estate market with other markets across California as well as nationally. These reports provide excellent in depth analysis of what is happening here in our city.

These charts include the following:

  1. Supply & Demand by Month – this provides a quick comparison showing how many homes are available for sale and compares it to how many units were sold in that month.
  2. Number of Under Contract Properties – indicates the number of homes that went into escrow for that month
  3. Number of Properties Sold by Month – How many homes were recorded and closed escrow
  4. Medium Sold Price by Month – follow the median prices in Pasadena as this chart provides “at a glance analysis” of what the history has been with respect to median prices
  5. Average Days on Market – How long is it taking a home in Pasadena to sell once it’s placed on the market. Longer times tend to favor a Buyers market.
  6. Months Supply of Inventory – If we see inventories’ beginning to decline is it due to the seasonality of the real estate market or is it an indication that Buyer’s are returning looking to buy a house?

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word