If you aren’t sick of real estate stats and numbers let’s look at the community of Pasadena. According to MLS (multiple listing service) records 48 homes closed escrow in April.



The average days on market (DOM) from the date listed until escrow closed was 70 days. Due to the lender’s increased scrutiny, most are taking about 45 days to process the paperwork.   Assuming a 45 day escrow, that leaves us with an average of 25 days (less than a month) from the date the property was listed in the MLS until being reported sold by the listing agent.

These closed sales sold for over 98% of  final list price.  (On average) Not a lot of wiggle room. 



My lesson for today: Well priced homes continue to sell quickly and some for over asking price.