The median list price in Laguna Beach this week is $2,495,000.
Inventory is tightening and days on market are falling, but demand, as measured by the Market Action Index, is also trending down. The market is not giving strong up or down signals from these data.
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Price
In the last few weeks, we’ve seen prices in Laguna Beach bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
