Pasadena, CA
Mon Feb 26 2024
This week the median list price for a single family home in Pasadena, CA is $1,678,500 with the market action index hovering around 49. This is less than last month’s market action index of 51. Inventory has held steady at or around 76.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.