Median List Price
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 is low relative to the available inventory. It’s a buyer’s market and prices continue to fall. Look for a persistent shift in the Market Action Index before prices plateau or begin to rise again.
This week, prices remained relatively flat. Keep an eye on the Market Action Index for a leading indicator of the direction of prices from here.