La Crescenta Real Estate Statistics October 2015:
We compile La Crescenta real estate statistics every month. This helps us stay on top of current market trends. It’s the most effective way to monitor changes. We track the numbers closely. Whether we represent buyers or sellers, we need a solid grasp of the market. Knowledge gives our clients an edge. Last month, in October, twenty La Crescenta homes closed escrow. That’s a clear sign of steady demand. Inventory usually shrinks this time of year. Even so, buyers are acting quickly. Homes that remain on the market are being snatched up. The pace is fast. Right now, the absorption rate is under two months. That means La Crescenta is in a strong sellers’ market. Homes are selling faster than they are being listed.
La Crescenta Real Estate Statistics October 2015 Recap:
Monthly inventory metrics point to a strong and steady market. However, the market has now entered the slower part of the year. As a result, the momentum has shifted. It currently favors buyers. At the same time, year-over-year housing metrics remain robust. Additionally, buyer traffic continues to be strong. These trends highlight significant growth. They show just how far the housing market has come since early 2015. Overall, while the pace has eased, the market remains healthy. Moreover, opportunities for buyers are increasing as we move forward.
