Comments on: Pasadena Real Estate Market Feeling Wall Street Woes? http://www.up2daterealestate.com/2008/10/07/pasadena-real-estate-market-feeling-wall-street-woes/ Brought to you by Doug and Deena Willis Tue, 29 Jun 2010 22:34:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Doug Willis http://www.up2daterealestate.com/2008/10/07/pasadena-real-estate-market-feeling-wall-street-woes/comment-page-1/#comment-2162 Doug Willis Wed, 08 Oct 2008 22:24:09 +0000 http://www.up2daterealestate.com/2008/10/07/pasadena-real-estate-market-feeling-wall-street-woes/#comment-2162 Sam, Good Luck on your new site. My observations are that it is October, and inventory typically begins to fall off in October as home closings in November are low. The market has in the past picked up with December closings being higher. As far as inventory, is Altos is your source of information you are quoting, they only track current listings, they do not track "sold" data. If home prices are moving up as you report it will probably be a couple of months before they are captured in "sold" listings. My guess is that home prices will lag last years numbers at least until December according to my tracking charts. Sam,

Good Luck on your new site. My observations are that it is October, and inventory typically begins to fall off in October as home closings in November are low. The market has in the past picked up with December closings being higher. As far as inventory, is Altos is your source of information you are quoting, they only track current listings, they do not track “sold” data.

If home prices are moving up as you report it will probably be a couple of months before they are captured in “sold” listings. My guess is that home prices will lag last years numbers at least until December according to my tracking charts.

]]> By: Sam Pritchard http://www.up2daterealestate.com/2008/10/07/pasadena-real-estate-market-feeling-wall-street-woes/comment-page-1/#comment-2154 Sam Pritchard Wed, 08 Oct 2008 06:23:56 +0000 http://www.up2daterealestate.com/2008/10/07/pasadena-real-estate-market-feeling-wall-street-woes/#comment-2154 Hi Doug, I was researching market conditions today and saw some significant positive indicators for Pasadena. From data from Altos Research median home prices have started to tick upward. And perhaps even more interesting is the sharp drop in inventory that has occurred recently. This reduction of supply will inevitably affect prices soon. My conclusions are at http://PasadenaRealEstateInsider.blogspot.com. Feel free to comment your thoughts. Thanks, Sam Hi Doug, I was researching market conditions today and saw some significant positive indicators for Pasadena. From data from Altos Research median home prices have started to tick upward. And perhaps even more interesting is the sharp drop in inventory that has occurred recently. This reduction of supply will inevitably affect prices soon. My conclusions are at http://PasadenaRealEstateInsider.blogspot.com. Feel free to comment your thoughts.

Thanks,
Sam

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