Realtor®

Market Report for Altadena and Pasadena | December 6

Here is a Market Report for Altadena and Pasadena for the week of 12/06.

Altadena

  • This week the median list price for Altadena, CA 91001 is $1,298,000 with the market action index hovering around 73. This is about the same as last month’s market action index of 73. Inventory has decreased to 25.

  • The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

  • Click here for a detailed report.

Pasadena

  • This week the median list price for Pasadena, CA is $1,543,944 with the market action index hovering around 60. This is an increase over last month’s market action index of 59. Inventory has decreased to 80.

  • The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower..

  • Click here for a detailed report.

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