The median list price in Laguna Beach this week is $2,595,000
Demand measured by the Market Action Index is increasing and days-on-market also is trending lower. These are positive signs.
Supply and Demand
The market shows some evidence of slowing recently. Both prices and inventory levels are relatively unchanged. Watch the Market Action Index for changes as it can be a leading indicator.
Price
While the media price in this zip code hasn’t moved much in the last few weeks, we ar relatively close to the market’s high water mark. Watch for a persistent down-shift in the Market Action Index in the buyer’s zone as a leading indicator of price strength subsiding.
