📊 Weekly House Market Report of Los Angeles 🌴

The Southern California real estate market this month reflects a trend of cooling across several areas, with markets generally holding in a seller's advantage but showing signs of stabilizing prices. This month, we’ll explore the market dynamics in San Gabriel, Irvine, Chino Hills, Diamond Bar, Walnut, Pasadena, San Marino, and Arcadia to understand local trends and the potential impacts on pricing.

San Gabriel's median list price sits at $1,350,000, with a Market Action Index (MAI) of 48. Although lower than last month’s MAI of 53, the market remains in a strong seller's zone. Inventory has tightened, decreasing to 25, signaling that while demand has cooled, supply remains limited. The MAI may hold clues for future pricing: if it rises, expect potential price increases; if it falls, prices may face downward pressure.

Irvine’s market shows stability with a median list price of $2,798,444 and an MAI of 41. Inventory is low at 170, supporting a slight seller's advantage, although this area is achieving a balanced point between sales and inventory. Should demand increase, this market is well-positioned for a price uptick, so keeping an eye on the MAI is essential.

In Chino Hills, the median list price is $1,097,500 with a strong MAI of 47, slightly down from last month. Inventory has risen to 92, contributing to the cooling market. Lower demand and more options for buyers are creating gradual price decreases. However, a shift in the MAI upward could signal a reversal.

Diamond Bar holds a median list price of $1,489,000 with an MAI of 42, leaning toward a seller's advantage. With inventory stable at around 65, the market has reached an equilibrium. While prices could rise if the market heats up, current indicators point toward continued stability.

Walnut’s market also shows signs of cooling, with a median list price of $1,645,000 and an MAI of 40, a slight seller’s advantage. Inventory has decreased to 49. If the MAI turns upward, price growth may resume, but if it continues to decline, downward price pressure could follow.

Pasadena remains in a strong seller's market, with a median list price of $1,819,500 and an MAI of 45. Inventory has decreased to 100, and prices have plateaued. Pasadena’s robust demand and limited supply help keep prices steady, though any significant shift in the MAI may impact pricing.

San Marino reflects a more moderate market with a median list price of $4,085,000 and an MAI of 37. Inventory remains at 28, and though the market has cooled over time, the current seller’s advantage supports stable prices. Future price shifts will depend on any significant movement in the MAI.

Arcadia shows a slight seller’s advantage with a median list price of $3,200,000 and an MAI of 36. Inventory has grown to 87, reflecting a cooling market. Like other areas, price movement will likely follow changes in the MAI, making it an important indicator to monitor.

Overall, the Southern California market is showing a mix of stable prices and cooling demand. While most markets remain favorable to sellers, the trend points to potential pricing stability in the coming months. Whether you’re a buyer or a seller, staying informed on market indicators like the Market Action Index can help guide your next steps in this dynamic landscape.