The median list price in Dana Point this week is $1,700,000.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a seller’s market so watch for upward pressure in the near future if the trend continues.
Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
