📊 Weekly House Market Report of Los Angeles 🌴

The real estate market in Southern California continues to show significant activity, with varying dynamics across different cities. This week's update covers the latest trends and insights for San Gabriel, Irvine, Chino Hills, Diamond Bar, Walnut, Pasadena, San Marino, and Arcadia. With a mix of strong seller's markets and slight seller's advantages, understanding these trends is crucial for both buyers and sellers.

San Gabriel's median list price stands at $1,328,000, with the Market Action Index (MAI) at 53, indicating a strong seller's market. The slight increase in MAI from last month's 51 suggests a tightening market despite the inventory decreasing to 23. The low inventory keeps the seller's market intact, and any uptick in the MAI could drive prices higher.

Irvine's median list price is currently $2,785,000, with a MAI of 57, down from 66 last month. Inventory has increased to 180, showing signs of a cooling market. Prices have plateaued recently, but the significant demand keeps it a strong seller's market. Future price trends will depend on the direction of the MAI; a rise could lead to higher prices, while a drop could exert downward pressure.

This week, Chino Hills reports a median list price of $1,224,000 and a MAI of 65, slightly down from last month's 69. Inventory has increased to 68. Despite a cooling trend and price stabilization, the market remains in the seller's zone. Watching the MAI closely is essential; an increase could mean rising prices, while a consistent drop might lead to lower prices.

Diamond Bar's median list price is $1,484,000, with a MAI of 45, down from 47 last month. Inventory has increased to 64, indicating a cooling market. The recent availability of more homes and lessening demand has already started to lower prices. If this trend continues and the MAI drops into the buyer's zone, expect further price declines.

Walnut's market remains strong with a median list price of $1,707,500 and a MAI of 54, up from 52 last month. Inventory has decreased to 36, contributing to the seller's market. The upward trend in the MAI suggests potential for price increases if the trend persists.

Pasadena's median list price is $1,797,500, with a MAI of 52, down from 54 last month. Inventory has decreased to 90, maintaining a strong seller's market. The balance between sales and inventory has stabilized, but the low inventory level supports the seller's market. An increase in the MAI could trigger price rises.

San Marino's current median list price is $3,793,500, with a MAI of 43, slightly up from 42 last month. Inventory has decreased to 28, indicating a slight seller's advantage. Continued high demand against low supply suggests potential for upward pricing pressure if the MAI continues to rise.

Arcadia reports a median list price of $3,365,000 and a MAI of 40, down from 41 last month. Inventory has held steady around 86, with the market cooling consistently over recent weeks. While still in the seller's zone, prices have not yet dropped, but sustained slack demand may soon lead to price declines if the MAI continues to fall.

The real estate markets in Southern California cities show varied trends, from strong seller's markets to slight seller's advantages. Low inventory levels and market action indexes are key indicators to watch, as they signal potential price movements. Buyers and sellers should stay informed on these trends to make strategic decisions in this dynamic market.