Laguna Beach (June 21, 2013)

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This Week

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

The Market Action Index has been climbing lately while days on market are trending down. These point to a positive near-term outlook for the market.

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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