The median list price in Laguna Beach for the week of Feb. 10 is $2,795,000.
Demand measured by the Market Action Inde is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward.
Price
While this week the median price did not fluctuate much, the market prices are at an all time high. Watch for persistent downward shift in the Market Action Index into the buyer’s zone as a leading indicator of the price strength subsiding.
