The median list price in Dana Point this week is $1,697,000. Inventory is up and the Market Action Index is trending down recently, while days-on-market is trending lower. Market conditions are weakening.
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 pricing pressure in the near future if the trend continues.
Price
The market seems to have paused around this plateau. The Market Action Index will be a leading indicator for the longevity of this trend.
