Low supply and quick recent sales suggest preparation matters more than waiting.
If you are thinking about waiting for more homes to show up in Monrovia, CA, I would not count on that being the best strategy. In a low-supply market, readiness often matters more than patience.
Recent supply in Monrovia, CA stood at 1.74 months, and a typical sale took 10 days over the previous 30 days. That is the kind of market where new options can appear, but strong ones may not stay available long enough to reward a passive search.
I also look at the recent flow of activity. Over the last three months, 10 homes came to market, 10 moved pending, and 10 closed in the summary set, which tells me the market has been active enough that preparation can matter more than simply waiting for volume.
Get your priorities in order before the next listing appears. Tour with purpose, not curiosity. In Monrovia, CA, I would also keep an eye on the recent new-listing pace, where a typical home sat for only 4 days, because that is the clearest reminder that hesitation has a cost.
