Pasadena, CA
Mon Oct 16 2023
This week the median list price for a single family home in Pasadena, CA is $1,649,500 with the market action index (MAI) hovering around 53. This is less than last month’s market action index of 55. Inventory has increased to 94.
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.