Realtor®

Market Report for Altadena and Pasadena | September 8

Here is a Market Report for Altadena and Pasadena for the week of 9/08.

Altadena

  • This week the median list price for Altadena, CA 91001 is $1,072,500 with the market action index hovering around 81. This is an increase over last month’s market action index of 76. Inventory has decreased to 30.

  • 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.

Pasadena

  • This week the median list price for Pasadena, CA 91101 is $1,137,500 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has increased to 2.

  • Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

  • Click here to view a detailed report.

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