Wed Sep 25 2024
This week the median list price for Arcadia, CA is $3,414,000 with the market action index hovering around 38. This is an increase over last month’s market action index of 37. Inventory has decreased to 80.
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.