The median list price in Dana Point this week is $1,295,000.
Inventory has been decreasing lately and The Market Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in the Market Action index, we’re in a seller’s market, where significant demand leaves little inventory available.
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.