Pasadena, CA
Mon Aug 21 2023
This week the median list price for a single family home in Pasadena, CA is $1,499,950 with the market action index hovering around 56. This is an increase over last month’s market action index of 53. Inventory has increased to 84.
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.
Altadena, CA 91001
Mon Aug 21 2023
This week the median list price for a single family home in Altadena, CA 91001 is $1,399,000 with the market action index hovering around 58. This is less than last month’s market action index of 59. Inventory has decreased to 29.
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.