Laguna Beach: December 7, 2012

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The median list price in Laguna Beach this week is $2,495,000.

The Market Action Index has been trending down, but as days on market decrease also, there are not strong signals for the direction of the market.

Supply and Demand: The market has been consistently cool for several weeks. Demand levels are low relative to the available inventory. It is a buyer’s market and prices continue to fall. Look for a persistent shift in market action before prices plateau or begin to rise again.

Price:  Prices in Laguna Beach have been on a downward trend recently, and this week, while essentially flat, does not break out of the cycle.