Although, I never excelled in math, I just love compiling real estate market statistics. I hope I am not boring you with all of the numbers...

How do I know that it’s a seller’s market in Glendale and Pasadena?  By calculating the number of months it would take to exhaust the current inventory (the absorption rate).  Absorption rates measure supply and demand by determining the number of months it would take to sell all of the homes listed for sale. 

An absorption rate of 5-7 months is considered a neutral market
Less than 5 months is a seller’s market
Over 7 months is a buyer’s market

How to calculate the absorption rate:

In March, 12 La Crescenta homes closed escrow.  There are currently 89 La Crescenta homes available for sale.

89 divided by 12 = 7.41 months of inventory, which reflect a buyer’s market in La Crescenta




It’s a neutral market in La Canada with an absorption rate of 6.46.  Which means there is 6 ½ months of housing inventory.

The absorption rate in Pasadena is 3.39 months – a seller’s market. It’s also a seller’s market in Glendale with just 4.3 months of inventory.  

Search La Crescenta listings here
Find La Canada homes here
Search Glendale homes for sale here
Find Pasadena listings here

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