Pasadena CA real estate markets are working to the seller’s advantage.
Most zip codes show a Market Action Index score well over 30, the number that divides buyer’s and seller’s markets.
Market activity is trending down in most Pasadena CA real estate markets, but prices have not yet adjusted. If the market continues to cool, then expect prices to fall lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall.
A seller’s market gives more negotiating power to the sellers, rather than the buyers. Limited inventory — providing buyers fewer choices — is one factor that can cause a seller’s market.
The strongest prices for Pasadena CA real estate was in 91106, with a median list price of $2.55 million and prices trending upward.
91106 market trends
Visit my blog at compassteam.kw.com to see a breakdown of the numbers for Pasadena CA real estate markets.
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