The median list price in Dana Point this week is $1,322,500
Inventory has been decreasing and The Market Index falling also. With days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the buyer’s demand.
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.