I would decide based on your readiness, because the market is still moving with purpose.
If you are waiting for the market in Baldwin Park, CA to become dramatically easier, I would be careful about assuming that delay alone improves your position. Last month, supply stood at 2.88 months and homes that sold typically moved in 13 days, so my advice is to buy when you are ready, not when you are hoping the market suddenly changes.
Those two numbers matter because they shape both choice and speed. In Baldwin Park, CA, recent offers also averaged 100.7% of asking over the previous 30 days. That tells me buyers still need to be organized and selective, especially when a home is priced right and meets the needs many shoppers are chasing.
I would not treat this as a reason to rush. I would treat it as a reason to prepare well. When you know your budget, your comfort zone, and your true must-haves, you can move quickly without making a pressured decision. Without that prep, even a good opportunity feels stressful and expensive.
Get financing and payment comfort nailed down first. Tour homes with a written priority list, not a vague idea of what might work. If the right fit shows up in Baldwin Park, CA, move decisively and stay within your limit.
