Dana Point (February 28, 2014)
The median list price in Dana Point this week is $1,585,000
The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.
Supply and Demand
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the seller’s market zone and prices have been moving upward as evidence.
Prices hit another all-time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the buyer’s zone will be a leading indicator of the price strength subsiding.