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Pasadena Housing Market Key Statistics


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I have assembled some key statistics for the Pasadena single family residential housing market. It is my intention to provide these on a monthly basis so that we may compare our local Pasadena real estate market with other markets across California as well as nationally. These reports provide excellent in depth analysis of what is happening here in our city.

These charts include the following:

  1. Supply & Demand by Month – this provides a quick comparison showing how many homes are available for sale and compares it to how many units were sold in that month.
  2. Number of Under Contract Properties – indicates the number of homes that went into escrow for that month
  3. Number of Properties Sold by Month – How many homes were recorded and closed escrow
  4. Medium Sold Price by Month – follow the median prices in Pasadena as this chart provides “at a glance analysis” of what the history has been with respect to median prices
  5. Average Days on Market – How long is it taking a home in Pasadena to sell once it’s placed on the market. Longer times tend to favor a Buyers market.
  6. Months Supply of Inventory – If we see inventories’ beginning to decline is it due to the seasonality of the real estate market or is it an indication that Buyer’s are returning looking to buy a house?
About Doug Willis

I see so many properties listed for sale that have absolutely no creativity or marketing plan. They are compromised by a poor description, terrible photography and a real estate agent that doesn't understand how to sell a property. If the most important issue to you is getting your home sold, allow me the opportunity to meet with you and show you the results a real marketing program will produce.

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