According to the Census Bureau, the percentage of U.S. residents who own their homes is at the lowest point it has been for more than 20 years. How are Pasadena real estate values holding up? The average price per square foot of Pasadena homes in May was the highest for the year. The average Pasadena home is selling quickly and over asking price.
Ideally, higher real estate prices will persuade more homeowners to put their home on the market. This should give the listing inventory the boost it needs.
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