Laguna Beach (June 14, 2013)

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This Week

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

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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes, as it can be a leading indicator for price changes.

Price

In the last few weeks, we’ve seen prices in Laguna Beach bouncing around this plateau. Look for a persistent downshift in the Market Action Index before we see prices deviate from these levels.

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