📊 Weekly House Market Report of Los Angeles 🌴

This week, the Southern California housing market reveals a blend of stability and shifting trends across key cities. While some areas continue to favor sellers, others are seeing a cooling trend, with inventory and buyer demand influencing market dynamics. Let’s explore the latest developments.

In San Gabriel, the median list price is $1,030,000, with the Market Action Index (MAI) at 46, signaling a strong seller's market despite cooling conditions. Inventory has dropped to 33, while reduced demand is nudging prices downward. If the MAI continues to decline, buyers may gain more leverage.

Irvine maintains a median list price of $2,950,000, with an MAI of 42. The city’s market remains in a slight seller’s advantage, though price stability and steady inventory at 151 suggest a cooling trend. A persistent drop in MAI could introduce price pressure, while a reversal may spur growth.

In Chino Hills, the market is heating up slightly, with an MAI increase to 48 and a median list price of $1,185,000. Low inventory at 71 keeps it in a strong seller’s market. Further reductions in inventory or heightened demand could push prices upward again.

Diamond Bar has seen its MAI fall to 34, with a median list price of $1,480,000 and an increased inventory of 61. Although prices have plateaued, the market still favors sellers. Shifts in MAI will determine whether prices remain stable or start to decline.

Walnut reflects a cooling market with an MAI of 35 and a median list price of $1,662,500. Inventory has decreased to 48, contributing to a slight seller’s advantage. If the trend continues, buyers might soon see more favorable conditions.

Pasadena displays strengthening market conditions, with the MAI rising to 47 and a median list price of $1,724,500. However, prices have remained steady. With inventory remains at 78, any sustained rise in sales relative to inventory could drive prices higher.

In San Marino, a median list price of $4,089,000 accompanies a slight seller's advantage, with an MAI of 36. Inventory is low at 22, maintaining a balance in the market. While prices are stable, a warming MAI could signal an upward trend.

Lastly, Arcadia reflects cooling conditions, with an MAI of 34, a median list price of $3,180,000, and rising inventory at 79. While the seller’s zone persists, consistent MAI declines may lead to downward price adjustments.

In conclusion, Southern California’s real estate market remains a mixed bag, with cities like Chino Hills and Pasadena hinting at growth potential, while others such as Diamond Bar and Arcadia show signs of cooling. Staying informed about local trends is crucial for navigating this dynamic landscape, whether you're buying or selling.