Monday, June 30, 2014

Pasadena Inventory Jumps 33%

May 2014 trends for Pasadena single family home sales show a jump in active inventory by 33% May 2014 vs. May 2013. Inventory remains low, at only 2 months supply. Median price is up 8% and average price per square foot is up at 6% and is currently $493.00. Sellers continue to have the advantage, however, with the doubling of inventory in the market, buyers have more to choose from and a bit (yes just a bit) less competition. It remains an excellent time to sell, and an excellent time to buy!