Realtor®

Market Report for Altadena and Pasadena | January 31

Here is a Market Report for Altadena and Pasadena for the week of 01/31.

Altadena

  • This week the median list price for Altadena, CA 91001 is $1,100,000 with the market action index hovering around 76. This is an increase over last month’s market action index of 71. Inventory has increased to 23.

  • 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 40. This is less than last month’s market action index of 49. 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.

  • Click here for a detailed report.

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