This Week
The median list price in Dana Point this week is $1,329,000.
Inventory has been lightening lately and days-on-market is climbing. Demand as measured by the market index is falling. The market is not giving strong up or down signals.
Supply and Demand
Market conditions have been consistently cooling. 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
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
