📊 Weekly House Market Report of Los Angeles 🌴

Southern California’s real estate market showcases unique trends across its diverse cities. As of November 26, 2024, areas such as San Gabriel, Irvine, Chino Hills, Diamond Bar, Walnut, Pasadena, San Marino, and Arcadia present a mix of strong seller’s markets and more balanced conditions.

In San Gabriel, the median list price is $1,014,950, and the Market Action Index (MAI) has risen to 50, solidifying its status as a strong seller’s market. Inventory has decreased to 28, but prices remain steady. If sales continue to outpace the growing inventory, prices are likely to climb.

Irvine continues to see high demand, with a median list price of $2,992,500 and a slight increase in the MAI to 43. Inventory has decreased to 144, maintaining a slight seller’s advantage. While prices have plateaued for now, sustained buyer interest could eventually drive them higher.

Chino Hills remains highly competitive, with a median list price of $1,249,888 and an MAI of 47, indicating a strong seller’s market. Inventory has dropped to 79, and the current balance between sales and available homes suggests that prices could rise further if market activity intensifies.

In Diamond Bar, the market has cooled slightly. The median list price is $1,450,000, and the MAI has decreased to 36, reflecting a slight seller’s advantage. Prices have plateaued, and continued decreases in the MAI could put downward pressure on prices. Sellers should monitor these trends closely.

Walnut shows stability, with a median list price of $1,700,092 and an unchanged MAI of 41. Inventory has increased to 46, keeping the market in the seller’s favor. If demand strengthens, there is potential for prices to rise in the near future.

In Pasadena, the market remains strong. The median list price is $1,823,500, with an MAI holding steady at 46. Inventory has declined to 96, maintaining the seller’s advantage. Continued low supply could support future price increases if buyer activity stays robust.

San Marino reflects a slightly softer market, with a median list price of $3,940,000 and a small increase in the MAI to 37. Inventory has decreased to just 26, keeping conditions favorable to sellers. Any significant uptick in demand could drive prices upward.

Arcadia holds a steady position with a median list price of $3,200,000 and an MAI of 38. Inventory has dropped to 73, maintaining a slight seller’s advantage. If sales activity strengthens further, prices may begin to rise from their current plateau.

Southern California’s real estate market offers a mix of opportunities and challenges for buyers and sellers alike. Inventory trends and the Market Action Index remain crucial indicators to watch, as they shape the dynamics of pricing and demand. Whether you’re buying, selling, or simply observing the market, staying informed is key to making the best decisions.