Realtor®

Market Report for Altadena and Pasadena | November 1

Here is a Market Report for Altadena and Pasadena for the week of 11/01.

Altadena

  • This week the median list price for Altadena, CA 91001 is $1,198,500 with the market action index hovering around 75. This is less than last month’s market action index of 78. Inventory has increased to 38.

  • The market has started cooling and prices have been flat for several weeks. 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.

Pasadena

  • This week the median list price for Pasadena, CA is $1,674,000 with the market action index hovering around 61. This is about the same as last month’s market action index of 61. Inventory has increased to 104.

  • In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

  • Click here for a detailed report.

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