📊 Weekly House Market Report of Los Angeles 🌴

As December unfolds, the Southern California real estate market showcases varying dynamics across cities. From tightening conditions in some areas to cooling trends in others, understanding these shifts is crucial for buyers and sellers.

San Gabriel, CA, remains firmly in a strong seller’s market this week, with a median list price of $1,059,000 and a Market Action Index (MAI) of 51—up from last month’s 47. Inventory has risen slightly to 30 homes, yet market conditions are tightening. While prices have not yet responded to the growing demand, the upward trend in MAI suggests that price increases could follow soon if this momentum continues.

Irvine, CA, presents a slight seller’s advantage with a median list price of $2,990,668 and a MAI of 44, a modest rise from last month’s 43. Inventory has increased to 154 homes, indicating a steady pace of sales outstripping supply. This trend positions Irvine for potential upward pricing pressure in the near future as demand continues to grow.

In Chino Hills, CA, the market holds steady in a strong seller’s zone. With a median list price of $1,185,000 and a MAI of 47, unchanged from last month, conditions remain favorable for sellers. Inventory has decreased to 75 homes, reinforcing the possibility of future price increases if buyer demand persists.

Diamond Bar, CA, reflects a cooling trend, with the median list price at $1,438,888 and a MAI that has dropped from 40 to 36 this month. Inventory has decreased to homes, and prices have plateaued for now. Though still in a slight seller’s advantage, continued decreases in the MAI could bring downward pressure on prices, making it a market to watch closely.

Walnut, CA, shows a similar cooling pattern, with a median list price of $1,699,880 and a MAI of 40, down from last month’s 42. Inventory has increased to 47 homes, contributing to the gradual slowing of market activity. While prices have been stable, any further shifts in MAI could influence the direction of pricing trends.

Pasadena, CA, remains a strong seller’s market, with a median list price of $1,747,500 and a MAI that has risen from 46 to 47 this month. Inventory has decreased to 86 homes, suggesting robust buyer interest. Despite prices remaining steady, the strengthening MAI indicates that upward movement in pricing could occur if the trend continues.

San Marino, CA, maintains a slight seller’s advantage with a median list price of $3,994,000 and a MAI holding steady at 37. Inventory has decreased to just 24 homes, keeping the market competitive. Although prices have plateaued, an increase in buyer activity could push prices higher in the future.

Lastly, Arcadia, CA, reflects a cooling market similar to Diamond Bar. With a median list price of $3,180,000 and a MAI of 36, down from 38 last month, activity has slowed. Inventory has increased to 74 homes, and prices have remained flat. Sellers should monitor the MAI closely as further declines could lead to increased buyer leverage.

Southern California’s housing market this December showcases a mix of stability, growth, and cooling trends across its cities. While areas like San Gabriel and Irvine show strengthening seller conditions, others like Diamond Bar and Arcadia highlight gradual cooling. Understanding these localized market dynamics is key to navigating your real estate journey effectively. Whether buying or selling, now is the time to stay informed and make strategic decisions. Reach out for personalized guidance tailored to your goals!