Altadena Market Update

Altadena Market Reports

JUNE 2023

*Data current as of July 13, 2023. All data obtained from California Regional Multiple Listing Service, Inc.  Information is deemed reliable, but not guaranteed. 

 

Glossary (data as reflected in a given month):

  • New Listings – homes newly listed for sale.
  •  
  • Pending Sales – a count of the homes that have accepted contracts and are in escrow.
  •  
  • Closed Sales – count of the actual home sales closed.
  •  
  • Days on Market – this metric reflects the median number of days between the home’s initial listing and offer acceptance.
  •  
  • Median Sales Price – midpoint where half of the homes sold were priced higher, and half were priced lower.
  •  
  • Average Sales Price – mean sales price for all closed sales.
  •  
  • Price per Square Foot – this metric reflects the median value, based upon sold data; the midpoint at which half of the homes sold were priced higher and half-priced lower, divided by the number of square feet.
  •  
  • Inventory – number of homes available for sale in an active status at the end of the month.
  •  
  • Months Supply of Inventory – also known as the absorption rate. The available inventory of homes on the market at month’s end, divided by the average monthly pending sales from the previous twelve months.

MAY 2023

 

Glossary (data as reflected in a given month):

  • New Listings – homes newly listed for sale.
  •  
  • Pending Sales – a count of the homes that have accepted contracts and are in escrow.
  •  
  • Closed Sales – count of the actual home sales closed.
  •  
  • Days on Market – this metric reflects the median number of days between the home’s initial listing and offer acceptance.
  •  
  • Median Sales Price – midpoint where half of the homes sold were priced higher, and half were priced lower.
  •  
  • Average Sales Price – mean sales price for all closed sales.
  •  
  • Price per Square Foot – this metric reflects the median value, based upon sold data; the midpoint at which half of the homes sold were priced higher and half-priced lower, divided by the number of square feet.
  •  
  • Inventory – number of homes available for sale in an active status at the end of the month.
  •  
  • Months Supply of Inventory – also known as the absorption rate. The available inventory of homes on the market at month’s end, divided by the average monthly pending sales from the previous twelve months.