Burbank single family homes sold in September(see chart below) reflected an average selling price of $573, 014, up 13% from August 2011 prices. Days on market were down from 71 to 65 days in the same period.
Overall the sweet spot right now continues to be in the $400-$525,000 range where most of the buyers seem to be concentrated.
Next week we will have a host of numbers out, including Housing Starts, Existing Home Sales, Producer Price Index and Consumer Price Index.
Burbank: September 2011