Laguna Beach (December 20, 2013)

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This Week

The median list price in Laguna Beach this week is $2,872,000.

Inventory has been decreasing lately and the Market Action Index falling. Though days on the market is increasing, these are relatively negative indications for the market.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. You can see that prices continue to march higher.

Price

Prices hit another all-time high this week. Look for a persistent downward trend in the Market Action Index into the buyer’s zone as a leading indicator of the price strength finally abating.

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