The median list price in Laguna Beach this week is $2,770,000
Demand measured by the Market Action Index is increasing and days-on-market also is trending lower. Even as more properties come available, these are positive trends for the market.
Supply and Demand
Home sales have been exceeding inventory. This is a buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves in the seller’s zone, we may see upward pressure on pricing.
Price
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
