📊 Weekly House Market Report of Los Angeles 🌴

This week the median list price for San Gabriel, CA is $1,350,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 27.

This week the median list price for Irvine, CA is $2,743,500 with the market action index hovering around 81. This is less than last month's market action index of 83. Inventory has increased to 92.

This week the median list price for Chino Hills, CA is $1,288,000 with the market action index hovering around 74. This is less than last month's market action index of 75. Inventory has increased to 43.

This week the median list price for Walnut, CA is $1,648,500 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has increased to 36.

This week the median list price for Pasadena, CA is $1,994,499 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 94.

This week the median list price for San Marino, CA is $4,198,500 with the market action index hovering around 39. This is an increase over last month's market action index of 35. Inventory has increased to 36.

This week the median list price for Arcadia, CA is $3,588,000 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has decreased to 73.

As we observe the real estate trends across Southern California, it's clear that the market is experiencing a cooling phase with increased inventory levels and plateauing prices. While many areas still favor sellers, the subtle shifts in the Market Action Index (MAI) suggest that this dynamic could change if the cooling trend continues. For buyers, this could mean potential opportunities to purchase properties at more favorable prices if the MAI continues to decline. Sellers, on the other hand, should stay vigilant and consider the current plateau and inventory increases when making decisions.

Ultimately, the real estate market remains fluid, and closely monitoring the MAI and inventory levels will be key for both buyers and sellers. By staying informed and responsive to these changes, you can make strategic decisions that align with the evolving market conditions. Whether you're looking to buy or sell, understanding these trends will help you navigate the Southern California real estate landscape more effectively.