Prices And Sales Rate Still Moving Up
NAR Says Nationwide Sales Up 0.4% In Jan
The National Association of Realtors says that home sales nationwide were up 0.4% in January. Prices were also rising.
You can read about it in this article by Martin Crutsinger in the Pasadena Star News:
"The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December to a seasonally adjusted annual rate of 4.92 million. That was the second-highest sales pace since November 2009, when a temporary home …"
Builders More Active Nationwide
NAR also reports that inventory nationwide is 25% lower than last year. This is encouraging builders to become more active, and that's all around good news for the housing market.
Pasadena Home Sales
Pasadena Home Sales Show No Winter Break In Activity
Both Pasadena Home Sales and La Canada-Flintridge Are Active Through The Holidays
In a time that is usually a seasonal "slow down" period, Pasadena home sales are not slowing down. Buyers and skipping the break period and continuing to participate in an active market in Pasadena, La Canada-Flintridge and surrounding areas.
Here's an article from Bill Kisliuk that has just appeared in the La Canada Valley Sun:
"In Pasadena, the average price of a home rose from $726,000 in November 2011 to $894,000 last month. In La Crescenta, the average sales price was $672,000 compared with $550,000 a year ago. …"
Pasadena Home Sales – We Are Seeing A Seller's Market
It seems that, with inventory down and interest rates low, there is a lot of Buyer interest in the market. Pasadena home sales, as well as surrounding areas, show that Sellers are in the drivers seat right now. As long as a home is priced at or just below market, there will be a lot of interest.
Pasadena Home Sales.