Pasadena Real Estate Values April 2015: Pasadena real estate values continue to be strong. The absorption rate indicates an extremely favorable real estate market for home sellers.
It’s a tough real estate market for Pasadena buyers. The challenges of buying in Southern California also make it harder to rent, because many people who might be able to buy a house in other markets are still leasing already-sparse apartments here. As more 20-somethings move into the job market and out of their parents’ homes, those ranks of renters may swell further. Read the rest here:
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Pasadena Real Estate Values April 2015 Recap
The absorption rate is the lowest year to date, indicating that there are less than two months of residential housing inventory remaining. The selling price to list price ratio is the highest year to date. The average price per square foot and the median price are the highest years to date. The numbers don’t lie. It is certainly a very favorable housing market for home sellers.
The absorption rate indicates an extremely favorable real estate market for home sellers.
