The median list price in Laguna Beach for the week of March 31 is $2,700,000
The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.
Supply and Demand
Home sales have begun exceeding new inventory. This is a buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the seller’s zone, we may see upward pressure on pricing.
Price
We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
