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 trending downward. Even as more properties come available, these are relatively positive trends 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.
Prices in Laguna Beach have been on a downward trend recently, and this week, while essentially flat, doesn’t break us out of that cycle.