The median list price in Laguna Beach this week is $2,850,000.Â
Even though the days-on-market is trending lower so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Price
We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
