📊 Weekly House Market Report of Los Angeles 🌴

The Southern California real estate market exhibits significant variations across different cities. This week’s median list prices and Market Action Index (MAI) reveal insights into market trends, inventory levels, and potential future price movements.

This week the median list price for San Gabriel, CA is $1,262,500 with the market action index hovering around 52. This is less than last month's market action index of 58. Inventory has decreased to 28.

This week the median list price for Irvine, CA is $2,860,000 with the market action index hovering around 70. This is less than last month's market action index of 79. Inventory has increased to 134.

This week the median list price for Chino Hills, CA is $1,290,000 with the market action index hovering around 70. This is less than last month's market action index of 74. Inventory has increased to 50.

This week the median list price for Diamond Bar, CA is $1,590,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has increased to 53.

This week the median list price for Walnut, CA is $1,712,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 38.

This week the median list price for Pasadena, CA is $1,880,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 95.

This week the median list price for San Marino, CA is $3,699,000 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has increased to 39.

This week the median list price for Arcadia, CA is $3,380,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has decreased to 85.

Across Southern California, real estate markets show varying degrees of cooling. While most cities remain in a strong seller’s market, the consistent decrease in MAI across many areas indicates a potential shift towards stabilization or even price reductions if trends continue. Increased inventory levels across the board suggest more options for buyers, which could further influence market dynamics. Monitoring the Market Action Index closely will be crucial for predicting future price movements and making informed real estate decisions.