Monday Market Stats March 25

Consumers have been feeling positive about buying and selling since the start of the year, and the latest housing market report released by the California Association of Realtors reflected the improvement in optimism. Both supply and demand increased in February and the competitiveness of the market appeared to be heating up as we entered the spring homebuying season.

Pasadena, CA

Mon Mar 25 2024
This week the median list price for a single family home in Pasadena, CA increased to $1,950,000 with the market action index hovering around 52. This is less than last month’s market action index of 53. Inventory has decreased to 65.

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

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