The number of homes sold in Pasadena CA remained constant during May 2012, however average and median sales prices decreased across the board. This sharp decrease in single family home prices was likely caused because in Pasadena, home prices have risen every month in 2012. Home prices spiked in April from $733k to $969k, a 32% single month increase. This decrease is a reversion to where prices are comfortably stable and hints that April was an outlier. The $760k average price seen in May is 4% higher than March 2012 and 25% than January 2012.
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