Last month, November there were 56 Pasadena real estate sales. Most Pasadena homes are selling quickly near (or over asking price). The absorption rate of 2.72% indicates a very strong seller’s market – less than three months of inventory.
What’s in store for Pasadena home buyers? Millennials now number more than one quarter of the nation’s population. As the largest demographic in America, Millennials are a powerful buying force and brands are vying for their attention. They represent 1/3 of the US home buying market and nearly 3/4 of first time buyers. As such, their preferences will greatly impact the economy and shape the residential real estate market, including how homes are built and financed. Learn more here:
