by Kathy Gibson | Jun 29, 2022 | Uncategorized
Pasadena, CA This week the median list price for Pasadena, CA is $1,500,000 with the market action index hovering around 62. This is less than last month’s market action index of 67. Inventory has decreased to 111. The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action. Altadena, CA This week the median list price for Altadena, CA 91001 is $1,224,000 with the market action index hovering around 87. This is less than last month’s market action index of 91. Inventory has increased to 32. The market has started cooling and prices have recently plateaued. 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...
by Kathy Gibson | Mar 8, 2022 | Buying, Market, Neighborhood, Selling, Uncategorized
Altadena This week the median list price for Altadena, CA 91001 is $1,250,000. Market Action Index is hovering around 78, which is an increase over last month’s market action index of 76. Inventory has increased to 25. 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 is $1,650,000. The Market Action Index is hovering around 63. This is less than last month’s market action index of 64. 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. Inventory has increased to...