by Kathy Gibson | Nov 4, 2024 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Nov 04 2024 This week the median list price for a single family home in Pasadena, CA is $1,804,500 with the market action index hovering around 46. This is an increase over last month’s market action index of 45. Inventory has held steady at or around 98. Market Narrative 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 MAI. If the market heats up, prices are likely to resume an upward...
by Kathy Gibson | Jul 30, 2024 | Buying, Market, Neighborhood, Selling
Interest rate cuts coming? Futures Traders are certain that the Federal Reserve will announce its first rate cut by mid-September, with a 100% probability that rates will be reduced by at least 0.25%. Pasadena, CA Tue Jul 30 2024 This week the median list price for a single family home in Pasadena, CA is $1,797,500 with the market action index hovering around 52. This is less than last month’s market action index of 54. Inventory has decreased to 90. 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 MAI. If the market heats up, prices are likely to resume an upward climb....
by Kathy Gibson | Nov 28, 2022 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Mon Nov 28 2022 This week the median list price for Pasadena, CA is $1,498,000 with the market action index (MAI) hovering around 44. This is less than last month’s market action index of 48. Inventory has increased to 135. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 prices. Altadena, CA 91001 Mon Nov 28 2022 This week the median list price for Altadena, CA 91001 is $1,325,000 with the market action index hovering around 53. This is less than last month’s market action index of 55. Inventory has decreased to 31. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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...