The median list price in Laguna Beach this week is $2,495,000. Inventory is up, and market action is trending down recently. While days on market appear to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
In the last few weeks, we’ve seen prices in Laguna Beach bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.