Here is a Market Report for Altadena and Pasadena for the week of 02/14.
This week the median list price for Altadena, CA 91001 is $1,194,500 with the market action index hovering around 76. This is an increase over last month’s market action index of 73. Inventory has increased to 24.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
- Detailed Altadena market report.
This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 37. This is less than last month’s market action index of 43. Inventory has held steady at or around 1.
The market has started cooling and prices have recently plateaued. Since 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.
- Detailed Pasadena market report.