This Week in Real Estate
The California market data for the week ending Aug. 30 shows a robust pace of activity as summer winds down. California market data reveals 598 closed sales, 584 pending sales and 590 new listings per day, according to the California Association of REALTORS®. This California market data highlights the balance between supply and demand amid shifting agent sentiment.
California market data shows sales momentum
On average, REALTORS® statewide closed a sale on 23.7 percent of their listings, a slight 0.9 percent dip from the previous quarter. Pending sales rose on 23.2 percent of listings, up 9.4 percent, signaling buyer interest remains strong. New listings hit 27.3 percent of inventory, down 6.6 percent, as sellers weighed the remaining weeks of the traditional selling season. Active agents in El Monte, Baldwin Park and Irwindale report similar trends, with local brokers noting a steady stream of offers and modest price adjustments to match buyer expectations.
Inventory levels have tightened modestly as many homeowners delay listing until fall. Pending activity suggests that buyers are seizing opportunities before school and holiday cycles begin. Closed sales per day at nearly 600 reflect continued willingness among homebuyers to move forward, even as mortgage rates hold near multi-year highs. New listings per day remain elevated compared with early summer, giving buyers a range of choices and keeping market competition alive.
California market data reveals agent sentiment
Surveyed REALTORS® anticipate mixed conditions in the week ahead. Only 14.4 percent expect sales to rise, a 9.1 percent drop from the last quarter’s outlook. Price optimism eased, with 7.5 percent forecasting higher values, down 1.9 percent. Strongest confidence centers on new listings, where 44.8 percent of agents predicted more homes will come to market, a 2.0 percent decrease from the prior quarter. These figures suggest that while many agents see potential for fresh inventory, fewer expect a major uptick in deals or price growth in early September.
Local REALTORS® in Arcadia and Temple City echo these sentiments. They report that price negotiations are more balanced today than during last year’s frenzy. Sellers who price strategically are receiving multiple offers, while buyers remain cautious about stretching budgets. Realtors say that the next few weeks will set the tone for fall sales, as families finalize moving plans and schools reopen.
Outlook and community relevance
For residents considering a move, the current California market data underscores the importance of timing. Buyers may find better selection in September, though they should act quickly once they identify a property. Sellers who list in the coming days can tap into buyer urgency, especially if they price competitively and prepare homes for prompt showings. Local real estate experts advise both buyers and sellers to consult trusted agents who know the Mid Valley neighborhoods.
This Week in Real Estate offers a snapshot of statewide trends that directly affect El Monte, South El Monte and surrounding communities. For comprehensive daily averages and in-depth analysis, visit the California Association of REALTORS® website.
Sources: California Association of REALTORS® (https://www.car.org)
