Realtor®

Monday Market Stats May 20

Monday Market Stats May 20

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....

Monday Market Stats April 29

Pasadena, CA Mon Apr 29 2024 This week the median list price for a single family home in Pasadena, CA is $1,980,000 with the market action index hovering around 55. This is an increase over last month’s market action index of 53. Inventory has increased to 79. 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....

Monday Market Stats Jan 23

Despite a slight rise in inflation at the end of last year, the news headlines for 2024 have mostly been positive. Consumers are starting to believe that overall price growth is slowing, and there is stabilization in rates. Additionally, more homebuyers who were previously on the sidelines are returning to the market. These are encouraging signs that could jumpstart the housing market in the new year and potentially lead to a turnaround. If this positive sentiment persists and the upward momentum continues, we may witness a resurgence in market activity in the near future. Pasadena, CA Mon Jan 22 2024 This week the median list price for a single family home in Pasadena, CA is $1,595,000 with the market action index (MAI) hovering around 52. This is about the same as last month’s market action index of 52. Inventory has held steady at or around 70. 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...

Monday Market Stats October 2, 2023

Pasadena, CA Mon Oct 02 2023 This week the median list price for a single family home in Pasadena, CA is $1,600,000 with the market action index hovering around 53. This is less than last month’s market action index (MAI) of 55. Inventory has increased to 91. The market has started cooling and prices have been flat for several weeks. 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....

Monday Market Stats

Pasadena, CA Mon Mar 06 2023 This week the median list price for Pasadena, CA is $1,599,000 with the market action index hovering around 47. This is an increase over last month’s market action index of 44. Inventory has increased to 95. 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. Sierra Madre, CA 91024 Mon Mar 06 2023 This week the median list price for Sierra Madre, CA 91024 is $2,350,000 with the market action index hovering around 45. This is an increase over last month’s market action index of 39. Inventory has decreased to 9. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing...