📊 Weekly House Market Report of Los Angeles 🌴

In this week's real estate market update, we explore the current trends and dynamics across several prominent cities in California: San Gabriel, Irvine, Chino Hills, Diamond Bar, Walnut, Pasadena, San Marino, and Arcadia. As we delve into the data, we'll uncover the median list prices, market action indices, and inventory levels that shape these markets. Whether you're a buyer, seller, or real estate enthusiast, this comprehensive overview will provide valuable insights into the local housing market.

The median list price for homes in San Gabriel is $1,299,000. The Market Action Index (MAI) stands at 53, slightly down from last month's 54. Inventory has decreased to 21. Despite a slight dip in the MAI, the market remains a strong seller's market. Prices have plateaued, but if sales continue to outpace inventory, we can expect prices to rise in tandem with the MAI.

In Irvine, the median list price is currently $2,948,000, with an MAI of 55, down from last month's 63. Inventory has increased to 181. The market is cooling, with prices flattening. However, Irvine remains a seller's market with significant demand and limited inventory. Should the MAI begin to climb again, prices are likely to follow. Conversely, a consistent drop in the MAI could put downward pressure on prices.

Chino Hills sees a median list price of $1,248,000, with the MAI at 66, down from last month's 70. Inventory remains steady at around 62. The market is cooling, with prices having plateaued. The area remains in the seller’s zone. Watch for changes in the MAI, as a rise could drive prices up, while a drop could exert downward pressure on prices.

Diamond Bar's median list price is $1,488,000, with an MAI of 46, slightly down from last month's 48. Inventory has decreased to 61. The market has been cooling, leading to lower prices. If the MAI falls into the buyer’s zone, we can expect this trend to continue. A persistent increase in the MAI would signal rising prices.

The median list price in Walnut is $1,680,000, with an MAI of 53, unchanged from last month. Inventory has increased to 39. The market remains stable, with prices not moving higher for several weeks. Despite low inventory, the area stays in the seller's market zone. Changes in the MAI will be crucial in determining future price trends.

Pasadena’s median list price stands at $1,640,000, with an MAI of 50, down from last month's 53. Inventory has risen to 97. The market is cooling, and prices have plateaued. Although the area remains in the seller’s zone, watch for changes in the MAI. A rise could lead to higher prices, while a consistent drop could bring about downward price pressure.

San Marino’s median list price is $3,780,000, with an MAI of 44, up from last month's 41. Inventory has decreased to 27. The market shows a slight seller's advantage, with home sales outstripping supply. The rising MAI suggests potential upward pricing pressure if this trend continues.

Arcadia’s median list price is $3,365,000, with an MAI of 39, down from last month's 41. Inventory has increased to 92. The market is cooling, and while it remains in the seller's zone, prices have not yet begun to drop. Continued slack demand could lead to falling prices if the MAI drops persistently into the buyer’s zone.

The real estate markets across San Gabriel Valley and surrounding areas display varied trends, with most areas still favoring sellers despite signs of cooling. Monitoring the Market Action Index and inventory levels will be essential in predicting future price movements. Buyers and sellers should stay informed and be prepared to act as market conditions evolve.