The median list price in Dana Point this week is $1,492,500. The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the 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 pricing 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.
