📊 Weekly House Market Report of Los Angeles 🌴

The Southern California housing market is experiencing varied trends across cities this week, with most maintaining a seller’s advantage due to low inventory and steady demand. Here’s a closer look at the market activity across key cities.

In San Gabriel, the market remains a strong seller’s market with a median list price of $960,000. While the Market Action Index (MAI) rose slightly to 49, prices have shown signs of softening as demand has cooled. With inventory increasing to 27, the balance between supply and demand will determine future price movements.

Irvine continues to hold a slight seller’s advantage with an MAI of 43 and a median list price of $2,997,000. The market has been stable, with inventory falling to 138. Prices have remained consistent, but further inventory reductions could reignite upward momentum.

In Chino Hills, the strong seller’s market is heating up further. With an MAI climbing to 54 and a median list price nearing $1.2 million, inventory has dropped to just 46. The upward trend in demand is driving prices higher, reflecting the robust activity in this market.

Diamond Bar has seen notable strengthening in its market conditions, with the MAI rising to 40. Despite inventory decreasing to 41, prices have remained steady at a median of $1,640,000. However, the upward movement in market activity suggests potential for price increases if demand continues to outpace supply.

In Walnut, the market shows similar trends, with an MAI of 42 indicating a slight seller’s advantage. The median list price stands at $1,731,629, while inventory has tightened to 30. If this trend persists, sellers may gain more leverage, leading to potential price growth.

Pasadena reflects a strong seller’s market with the MAI reaching 49. The median list price is $1,750,000, and inventory has decreased to 61. Consistently higher market activity suggests that prices may begin to rise soon, especially if the inventory shortage continues.

San Marino also remains favorable for sellers, with an MAI of 41 and a median list price of $4,089,000. Inventory is extremely limited at 16, putting upward pressure on prices. Continued high demand relative to supply could result in further market gains.

Finally, Arcadia shows signs of stabilization, with the MAI rising slightly to 36. Inventory has dropped to 65, maintaining a slight seller’s advantage. While prices, currently at a median of $3,250,000, have plateaued, any shifts in demand could quickly alter market dynamics.

In conclusion, most cities across Southern California are experiencing strong seller’s markets, with low inventory driving competition. Buyers should act decisively in competitive areas, while sellers in stable markets like Irvine and Arcadia may consider timing their listings strategically to maximize gains. As we move into the new year, all eyes will be on inventory changes and how they shape these dynamic markets.