📊 Weekly House Market Report of Los Angeles 🌴

This week’s market data from key cities in Southern California reveals a mixed yet dynamic housing environment. While some markets show signs of cooling, sellers still maintain an advantage across most areas, with home prices either holding steady or slightly adjusting. Here’s a summary of the latest updates:

With a median list price of $1,244,000 and a Market Action Index (MAI) of 53, San Gabriel continues to experience a strong seller’s market. The increasing MAI from last month (52 to 53) and declining inventory (now at 28) suggest ongoing upward pressure on prices.

The median list price in Irvine is $2,689,444, with the MAI slightly down to 41 from last month’s 42. Inventory has also dropped to 198. Though still in a slight seller’s market, the cooling trend may indicate more stable or slightly declining prices unless demand picks up.

Chino Hills shows signs of cooling, with the median list price at $1,049,500 and an MAI of 49 (down from 54 last month). Inventory has risen to 88, reflecting a more balanced market as demand eases. Buyers may start to see opportunities as prices soften.

With a median list price of $1,489,500 and an MAI of 43, Diamond Bar is in a slight seller’s market. Inventory increased to 64, and while the market is cooling, sellers still have a slight advantage. Prices may remain stable unless the MAI drops further into the buyer’s zone.

The median list price in Walnut stands at $1,697,499, with the MAI down to 44 from last month’s 46. Inventory has decreased to 44 homes. Like Diamond Bar, this market has been cooling over time, but a seller’s advantage remains.

Pasadena is experiencing a cooling market with a median list price of $1,799,000 and an MAI of 46 (down from 50). Inventory has dropped to 101 homes, and prices have already started to decline slightly. Watch for continued downward pressure unless the MAI reverses course.

San Marino remains one of the more expensive markets, with a median list price of $4,350,000 and an MAI of 39. Inventory has increased to 33, and despite the cooling trend, the market still leans in favor of sellers. Prices could fall further if demand continues to wane.

In Arcadia, the median list price is $3,448,000, with an MAI holding steady at 37. Inventory is down to 81 homes. The market has reached a balanced point, but with low inventory, sellers still maintain a slight advantage. Price changes will depend on future shifts in the MAI.

Across Southern California, the housing market reflects a mix of strong seller’s markets and cooling conditions. While many areas are seeing price plateaus or slight declines, sellers continue to hold the upper hand due to limited inventory. Buyers should watch for further shifts in the Market Action Index, as any significant downward movement could signal more opportunities in the future. Keep an eye on market trends for the best timing to buy or sell in these competitive cities.