Realtor®

June 29 Market Update

June 29 Market Update

Pasadena, CA This week the median list price for Pasadena, CA is $1,500,000 with the market action index hovering around 62. This is less than last month’s market action index of 67. Inventory has decreased to 111. The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action. Altadena, CA This week the median list price for Altadena, CA 91001 is $1,224,000 with the market action index hovering around 87. This is less than last month’s market action index of 91. Inventory has increased to 32. The market has started cooling and prices have recently plateaued. 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...

Market Report for Altadena and Pasadena | September 13

Here is a Market Report for Altadena and Pasadena for the week of 9/13. Altadena This week the median list price for Altadena, CA 91001 is $1,050,000 with the market action index hovering around 80. This is less than last month’s market action index of 82. Inventory has decreased to 27. Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. Click here to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,137,500 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has increased to 2. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse. Click here to view a detailed...

Market Report for Altadena and Pasadena | September 8

Here is a Market Report for Altadena and Pasadena for the week of 9/08. Altadena This week the median list price for Altadena, CA 91001 is $1,072,500 with the market action index hovering around 81. This is an increase over last month’s market action index of 76. Inventory has decreased to 30. 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. Click here to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,137,500 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has increased to 2. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse. Click here to view a detailed...

Market Report for Altadena and Pasadena | August 30

Here is a Market Report for Altadena and Pasadena for the week of 8/30. Altadena This week the median list price for Altadena, CA 91001 is $1,097,500 with the market action index hovering around 81. This is an increase over last month’s market action index of 77. Inventory has decreased to 28. 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. Click here to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,137,500 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has increased to 2. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse. Click here to view a detailed...

Market Report for Altadena and Pasadena | August 23

Here is a Market Report for Altadena and Pasadena for the week of 8/23. Altadena This week the median list price for Altadena, CA 91001 is $1,100,000 with the market action index hovering around 82. This is an increase over last month’s market action index of 74. Inventory has decreased to 25. 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. Click here to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,590,000 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has held steady at or around 1. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse. Click here to view a detailed...