What This Month's Market Update Means for You

Every month, Marcus puts together a data-driven look at what's actually happening in the Pasadena and San Gabriel Valley market, because we'd rather you make decisions based on real numbers than anecdotes from a friend or a headline. Here's what this month's update covers.

New and active listings are softening, as usual for this time of year

New listings are declining as we head into the second half of the year, which is a typical seasonal pattern rather than a sign of a weakening market on its own. Active inventory has also ticked down slightly, though it remains higher than it was five years ago as a broader trend.

Days on market are lengthening

It's taking longer to sell properties right now, which is consistent with the seasonal pattern we typically see toward the end of each year. This isn't unique to this year — it's a cyclical shift that happens annually as buyer activity naturally slows.

Price per square foot and seller concessions

Price per square foot has begun softening into the second half of the year after a stable stretch, and we're seeing more sellers accept offers below their original asking price than earlier in the year — both typical seasonal patterns rather than a sign of a market in trouble. We'd frame this as normal cyclical softening rather than a forecast of continued decline.

Mortgage rates and what's driving them

Mortgage rates have climbed recently, tracking close to 7% according to recent industry surveys, with broader inflation pressures — including rising oil prices tied to global conflict — cited as a contributing factor. We'd point you to Freddie Mac's weekly Primary Mortgage Market Survey for the most current rate rather than rely on any single number as fixed, since it updates every week.

Why September and October matter if you're buying or selling

Showing activity has stayed fairly steady in 2026 overall, but Marcus considers September and October the last real window of the busy season before the typical slowdown toward Thanksgiving and the holidays. For buyers, this stretch often means less competition from other buyers than earlier in the year; for sellers, it's the last realistic opportunity to list before the seasonal lull sets in.

If you want to talk through what this month's data means for your specific situation, whether you're buying or selling, we're glad to walk through it with you — no pressure, just a clear, honest read on where things stand.

Ready to take the next step in your Glendora real estate journey?

Contact Marcus Ibrahim at Team Ibrahim Real Estate:

Phone: (626) 605-1840

Email: marcus@teamibrahim.com

Website: www.teamibrahim.com