The median list price in Laguna Beach this week is $2,495,000.
The Market Action Index has been trending down recently, but as days on market decrease too, there are not strong signals for the direction of 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.
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.