The median list price in Laguna Beach this week is $2,550,000
Inventory is up and the Market Action Index is trending downward. Days-on-market also is trending lower. Overall conditions are weakening some.
Supply and Demand
The market has shown some evidence of slowing recently. Both price and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Price
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
