Pasadena, CA
Mon Nov 04 2024
This week the median list price for a single family home in Pasadena, CA is $1,804,500 with the market action index hovering around 46. This is an increase over last month’s market action index of 45. Inventory has held steady at or around 98.
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.