The median list price in Dana Point this week is $1,687,388. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
Supply and Demand
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.
If the market heats up, prices are likely to resume an upward climb.
Price
The market is hovering around this plateau. Look for a persistent change in the market action Index before we see prices deviate from these levels.
