Laguna Beach (May 24, 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 trending down lately, while inventory is climbing. These trends imply a weakening market.

Supply and Demand

The market has been consistently cool for several weeks. Demand levels are low relative to the available inventory. It’s a buyer’s market, and prices continue to fall. Look for a persistent shift in market action before prices plateau or begin to rise again.

Price

Prices in Laguna Beach have been on a downward trend recently, and this week, while essentially, doesn’t break us out of that cycle.

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