by Kathy Gibson | Oct 18, 2022 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Tue Oct 18 2022 This week the median list price for Pasadena, CA is $1,649,000 with the market action index hovering around 50. This is about the same as last month’s market action index of 50. Inventory has decreased to 107. 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. Arcadia, CA Tue Oct 18 2022 This week the median list price for Arcadia, CA is $2,345,000 with the market action index hovering around 34. This is about the same as last month’s market action index of 34. Inventory has decreased to 108. 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. ...