by Kathy Gibson | Jul 15, 2024 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Jul 15 2024 This week the median list price for a single family home in Pasadena, CA is $1,877,500 with the market action index (MAI) hovering around 53. This is about the same as last month’s market action index of 53. Inventory has decreased to 84. The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb....
by Kathy Gibson | Jul 1, 2024 | Buying, Home and Garden, Market, Neighborhood, Selling
Pasadena, CA Mon Jul 01 2024 This week the median list price for a single family home in Pasadena, CA is $1,880,000 with the market action index (MAI) hovering around 53. This is about the same as last month’s market action index of 53. Inventory has increased to 95. 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 prices....
by Kathy Gibson | Jun 24, 2024 | Buying, Home and Garden, Market, Neighborhood, Selling
It seems like inflation might be cooling off for the rest of the year, which could help stabilize mortgage rates. The Federal Reserve decided to keep rates steady for now, but they’re expected to cut them later this year, just not as much as we initially thought. As a result, home sales should improve in the second half of the year, though the growth will be slower than previously projected. Pasadena, CA Mon Jun 24 2024 This week the median list price for a single family home in Pasadena, CA is $1,890,000 with the market action index (MAI) hovering around 53. This is less than last month’s market action index of 55. Inventory has increased to 98. 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 prices....
by Kathy Gibson | May 20, 2024 | Buying, Home and Garden, Market, Selling
Pasadena, CA Mon May 20 2024 This week the median list price for a single family home in Pasadena, CA is $1,875,000 with the market action index hovering around 56. This is an increase over last month’s market action index of 55. Inventory has increased to 81. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend....
by Kathy Gibson | Apr 22, 2024 | Buying, Home and Garden, Market, Neighborhood, Open House, Selling
Pasadena, CA Mon Apr 22 2024 This week the median list price for a single family home in Pasadena, CA is $1,900,000 with the market action index hovering around 54. This is an increase over last month’s market action index of 52. Inventory has increased to 77. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. ...