by Kathy Gibson | Mar 25, 2024 | Buying, Home and Garden, Market, Open House, Selling
Consumers have been feeling positive about buying and selling since the start of the year, and the latest housing market report released by the California Association of Realtors reflected the improvement in optimism. Both supply and demand increased in February and the competitiveness of the market appeared to be heating up as we entered the spring homebuying season. Pasadena, CA Mon Mar 25 2024 This week the median list price for a single family home in Pasadena, CA increased to $1,950,000 with the market action index hovering around 52. This is less than last month’s market action index of 53. Inventory has decreased to 65. While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend...
by Kathy Gibson | Mar 18, 2024 | Buying, Home and Garden, Market, Neighborhood, Open House, Selling
The housing market continues to show promising signs of a better spring homebuying season that we saw last year. Both closed and pending sales appear to have risen again in February and all signs point to a market that is heating up as days on market falls, the percentage of sellers discounting to attract buyers falls, and the percentage of home closing above list price rises. Pasadena, CA Mon Mar 18 2024 This week the median list price for a single family home in Pasadena, CA is $1,881,499 with the market action index hovering around 54. This is an increase over last month’s market action index of 49. Inventory has held steady at or around 70. 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....
by Kathy Gibson | Mar 11, 2024 | Buying, Home and Garden, Market, Neighborhood, Selling
Pasadena, CA Mon Mar 11 2024 This week the median list price for a single family home in Pasadena, CA is $1,765,000 with the market action index hovering around 55. This is an increase over last month’s market action index of 51. Inventory has decreased to 59. 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...
by Kathy Gibson | Mar 4, 2024 | Buying, Market, Neighborhood, Open House, Selling
After a promising start in January due to a decrease in rates, the housing market has shown some fluctuations with a recent decrease in pending sales. This suggests that the rebound may not be entirely smooth. However, there are positive signs that buyers are adapting to more typical rates compared to those experienced during the pandemic. Key market indicators point to a growing competitiveness as we approach the Spring home buying season. Pasadena, CA Mon Mar 04 2024 This week the median list price for a single family home in Pasadena, CA is $1,689,000 with the market action index hovering around 53. This is an increase over last month’s market action index of 51. Inventory has decreased to 64. 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...