The median list price in Dana Point, CA this week is $1,492,500. Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.
Supply and Demand
In the last few weeks the market has achieved a relative stasis pointin terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.If the market heats up, prices are likely to resume an upward climb.
Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durabilityof this trend.
