Pasadena, CA Mon Aug 22 2022 This week the median list price for Pasadena, CA is $1,437,000 with the market action index hovering around 53. This is about the same as last month’s market action index of 53. Inventory has decreased to 124. 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. La Crescenta, CA Mon Aug 22 2022 This week the median list price for La Crescenta, CA is $1,175,000 with the market action index hovering around 69. This is less than last month’s market action index of 73. Inventory has decreased to 29. 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...
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