The median list price in Laguna Beach this week is $2,491,500.
Demand measured by the Market Action Index is increasing and days on market are holding steady. With more properties coming available, conditions are mildly positive.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a seller’s market.
In Laguna Beach, this week saw little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.