The median price of a home in Pasadena this week is $714,995. 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 Market Action Index. If the market heats up, prices are likely to resume an upward climb. Inventory is tightening and days-on-market is falling. Click here to see the report in its entirety.
Report courtesy of Altos Research