Laguna Beach: November 2, 2012

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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.

Price                                                                                                    

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.