It’s no surprise to La Crescenta home buyers that inventory has been tight all year – 2 or less months supply which reflects a very unbalanced seller’s real estate market.
In looking at our chart, you can see that the La Crescenta real estate market is fueled by the school calendar. The bulk of La Crescenta’s closings are May through August. Note that the average home sells/closes in less than 50 days which reflects that the La Crescenta real estate sales start jumping in March.
While more than 85% of markets have burdensome rents today, it’s perplexing that in more than 75% of the counties across the country, it is actually cheaper to buy than rent a home. Obviously obtaining a down payment is the roadblock to many would be home buyers. Read more here:
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