Real Estate Market Index Report La Canada Flintridge CA August 2009
By Keith Sorem
(Keller Williams Realty)
Real Estate Market Report La Canada Flintridge, CA August, 2009 Market Index 0.46, up 3 points. A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The Market Index is at 0.46 up .03 from last month's 0.43 and last year's 0.22. New Listings - 19, down from 21 last month and last year's 17. Pending Listings - 13 listings opened escrow, down from 15 last month. Last year 5 properties sold. Pending Ratio - At 0.68, down from 0.71 last month. A year ago it was 0.29. Listing Inventory - 81 properties, down from 94 homes last month and down from 88 last year. Sold Listings - 24 homes sold, down from 25 last month. Last year 16 homes sold. Absorption Rate - 3.4 months down from last mon...
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