The average Pasadena home is selling in less than two months; selling in multiple offers and over asking price. The low absorption rate indicates a very strong sellers’ market for Pasadena home sales.
“Some armchair analysts have suggested that we’re entering a new housing market bubble. But hard facts suggest otherwise. Underlying conditions today are fundamentally different from the bubble of a decade ago. Back then, credit was easy to obtain and home sales were running at more than 8.5 million a year (existing and new homes combined). New-home construction volume topped 2 million annually”. Read more here:
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