Pasadena, CA
Mon May 08 2023
This week the median list price for Pasadena, CA is $1,649,000 with the market action index hovering around 51. This is an increase over last month’s market action index of 49. Inventory has decreased to 77.
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.
Altadena, CA
Mon May 08 2023
This week the median list price for Altadena, CA is $1,199,000 with the market action index hovering around 58. This is an increase over last month’s market action index of 55. Inventory has increased to 29.
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.