End of June Pasadena area housing analysis

Here's the end of June inventory comparison. The blue cylinder shows the amount of single family homes available in June of 2012. The red cylinder shows the current inventory as of today, June 28, 2013.  Although we are seeing a slight uptick in available inventory, those new homes are selling so quickly that the net effect is minimal.  Congratulations to La Canada, being the first local community to be in positive inventory territory.    For those of you who are buyers, consider making that first offer the very best you can. Competition continues to be fierce. In many cases homes are selling for over their asking prices, with multiple offers. For a market analysis for your property or more information, give us a call at 877.886.5729. We'd love to hear from agents around the country so that we can learn more about local market conditions.