This Week
The median list price in Laguna Beach for the week of Feb. 3 is $2,850,000.
Inventory is up and the Market Action Index is trending down recently. With days on the market appears to be trending lower, the overall conditions are weakening a bit.
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|
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.
