Realtor®

Market Report for Altadena and Pasadena | January 24

Here is a Market Report for Altadena and Pasadena for the week of 01/24.

Altadena

  • This week the median list price for Altadena, CA 91001 is $1,195,000 with the market action index hovering around 73. This is an increase over last month’s market action index of 70. Inventory has decreased to 24.

  • While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

  • Click here for a detailed report.

Pasadena

  • This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 43. This is less than last month’s market action index of 49. Inventory has held steady at or around 1.

  • Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

  • Click here for a detailed report.

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