Realtor®

Market Report for Altadena and Pasadena | October 11

Here is a Market Report for Altadena and Pasadena for the week of 10/11.

Altadena

  • This week the median list price for Altadena, CA 91001 is $1,100,000 with the market action index hovering around 78. This is less than last month’s market action index of 81. Inventory has increased to 33.
  • 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 91101 is $685,000 with the market action index hovering around 24. This is less than last month’s market action index of 26. Inventory has decreased to 1.
  • Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.
  • Click here for a detailed report.

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