Pasadena, CA
Mon Sep 26 2022
This week the median list price for Pasadena, CA is $1,579,000 with the market action index hovering around 50. This is less than last month’s market action index of 52. Inventory has decreased to 115.
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Sep 26 2022
This week the median list price for Altadena, CA 91001 is $1,224,500 with the market action index hovering around 60. This is less than last month’s market action index of 66. Inventory has increased to 48.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in the Market Action Index (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.