This Week
The median list price in Dana Point this week is $1,649,500.
Inventory is tightening and days-on-the market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
Market conditions have been consistently cool- ing 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 demand.
Price
Price tends continued their recent uptrend this week. While still below the market’s price high- point, we’ve seen a nice run recently.
