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Monday Market Stats

Monday Market Stats

Pasadena, CA Mon Jun 26 2023 This week the median list price for a single family home in Pasadena, CA is $1,499,991 with the market action index hovering around 52. This is an increase over last month’s market action index of 50. Inventory has increased to 91. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the market action index. If the market heats up, prices are likely to resume an upward climb. Altadena, CA Mon Jun 26 2023 This week the median list price for a single family home in Altadena, CA is $1,249,000 with the market action index hovering around 58. This is about the same as last month’s market action index of 58. Inventory has increased to 35. Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s...

Monday Market Stats

Pasadena, CA  Tue Mar 21 2023This week the median list price for Pasadena, CA is $1,702,900 with the market action index hovering around 45. This is less than last month’s market action index of 46. Inventory has held steady at or around 94. The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb. Altadena, CA 91001 Tue Mar 21 2023This week the median list price for Altadena, CA 91001 is $1,180,000 with the market action index hovering around 51. This is an increase over last month’s market action index of 49. Inventory has decreased to 25. While the Market Action Index (MAI) shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the...

Monday Market Stats

Pasadena, CA Mon Aug 29 2022 This week the median list price for Pasadena, CA is $1,449,500 with the market action index hovering around 53. This is less than last month’s market action index of 54. Inventory has decreased to 120. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the market action index before price stability is achieved. Altadena, CA 91001 Mon Aug 29 2022 This week the median list price for Altadena, CA 91001 is $1,199,000 with the market action index hovering around 69. This is less than last month’s market action index of 74. Inventory has increased to 39. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in market action index (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...

August 5 2022 Market Report

Pasadena, CA Fri Aug 05 2022 This week the median list price for Pasadena, CA is $1,499,500 with the market action index hovering around 53. This is less than last month’s market action index of 59. Inventory has increased to 136. The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. Altadena, CA Fri Aug 05 2022 This week the median list price for Altadena, CA 91001 is $1,174,000 with the market action index hovering around 77. This is less than last month’s market action index of 83. Inventory has decreased to 32. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in market action index (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...

Altadena and Pasadena Market Report | March 18, 2022

Altadena This week the median list price for Altadena, CA 91001 is $1,177,000. The market action index is hovering around 83. This is an increase over last month’s market action index of 76. Inventory has held steady at or around 24. 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 $1,914,000. The Market Action Index (MAI) is hovering around 67, which is an increase over last month’s market action index of 63. Inventory has increased to 77. The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their...