Pasadena, CA
Mon Jul 24 2023
This week the median list price for a single family home in Pasadena, CA is $1,699,999 with the market action index hovering around 54. This is about the same as last month’s market action index of 54. Inventory has decreased to 81.
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.
Altadena, CA
Mon Jul 24 2023
This week the median list price for a single family home in Altadena, CA is $1,349,000 with the market action index hovering around 58. This is an increase over last month’s market action index of 55. Inventory has decreased to 32.
The market has achieved a relative stasis point in terms of supply and demand – conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.