The median list price inDana Point this week is $1,550,000
The Market Action Index has been trending down lately, indicating demand falling along with lower supply. Conditions point to mildly negative trends for the market.
Supply and Demand
The market is getting cooler; more supply is coming on the market relative to sales demand. However, in recent weeks prices have been moving higher. This price trend may be a result of newer, larger homes being listed.
Price
Prices hit another all-time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the buyer’s zone will be a leading indicator of the price strength subsiding.
