Laguna Beach (May 31, 2013)

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This Week

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

Inventory and days on market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

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

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.laguna BEACH_92651-26