📊 Weekly House Market Report of Los Angeles 🌴

As we move through September, the real estate markets in various Southern California cities show different trends in terms of pricing and market dynamics. While several markets continue to favor sellers, there are notable differences in inventory levels and market action across the region. Let’s take a closer look at how key cities are performing this week.

The median list price in San Gabriel is $1,215,000, and the Market Action Index (MAI) has risen to 54, indicating a strong seller’s market. This is an increase from last month's MAI of 49, with home sales outpacing supply. Inventory has decreased to 27, further intensifying upward pricing pressure if this trend continues.

Irvine's market is slightly cooling, with a median list price of $2,749,000 and an MAI of 41, down from 43 last month. Despite this dip, it remains a seller's market, though the cooling trend may lead to price stabilization. Inventory has decreased to 195, so continued monitoring of the MAI will be crucial to predict future price movements.

The median list price in Chino Hills is $1,071,944, with the MAI dropping to 51 from 57 last month. This cooling market has seen inventory rise to 94, contributing to slight downward pricing pressure. Should the MAI fall further, prices may continue their downward trend.

Diamond Bar's market is also showing signs of cooling, with the median list price at $1,528,000 and the MAI decreasing from 47 to 43. Inventory is up to 61, but it remains a seller’s market. Prices have flattened for now, but the next movement in the MAI could push prices in either direction.

With a median list price of $1,687,500 and an MAI of 45 (down from 49), Walnut's market continues to cool while still being a seller’s market. Inventory has dropped to 44, meaning prices may remain stable in the short term, but potential downward pressure looms if the MAI drops further.

Pasadena remains in a stable seller’s market, with a median list price of $1,750,000 and the MAI holding steady at 49. Although inventory has decreased to 101, the balance between sales and available homes indicates a plateau in prices for now.

San Marino’s market has seen a cooling trend, with the median list price at $4,500,000 and the MAI dropping to 39. Despite an increase in inventory to 31, the market still slightly favors sellers. However, if the MAI continues to decline, prices may begin to experience downward pressure.

Arcadia shows slight strengthening in its market, with the MAI rising from 37 to 38. The median list price is $3,414,000, and inventory has decreased to 80. Although prices have plateaued, the uptick in the MAI suggests that the market could see price increases if current trends persist.

Southern California’s real estate market remains a strong seller’s market overall, but signs of cooling are evident in several cities. As inventory levels fluctuate and market action indices shift, buyers and sellers alike should be prepared for potential price changes, especially in cities like Chino Hills and San Marino, where the market shows the most signs of cooling. For sellers, maintaining awareness of these trends could present opportunities to maximize home values, while buyers may find better opportunities if the cooling trends continue.