Pasadena, CA
Mon Nov 14 2022
This week the median list price for Pasadena, CA is $1,650,000 with the market action index hovering around 46. This is less than last month’s market action index (MAI) of 50. Inventory has increased to 131.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.
Altadena, CA 91001
Mon Nov 14 2022
This week the median list price for Altadena, CA 91001 is $1,299,500 with the market action index hovering around 57. This is less than last month’s market action index of 58. Inventory has decreased to 31.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.