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Market Report for Altadena and Pasadena | March 3, 2022

Market Report for Altadena and Pasadena | March 3, 2022

by | Mar 3, 2022 | Market

Altadena This week the median list price for Altadena, CA 91001 is $999,999 with the market action index hovering around 76. This is the same as last month’s market action index of 76. Inventory has increased to 29. Click here to see more details. 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. If the market heats up, prices are likely to resume an upward climb. Pasadena This week the median list price for Pasadena, CA is $1,700,000 with the market action index hovering around 63. This is an increase over last month’s market action index of 61. Inventory has increased to 79. Click here to see more details. 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...