The median list price in Laguna Beach for the week of Mar. 17 is $2,695,000
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels. Conditions lack a strong up or down pull.
Supply and Demand
The Market Action Index has been trending lower recently while prices have remained stable. If inventory continues to grow relative to demand, it is likely that we will see downward 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.
