Median List Price
The median list price in Laguna Beach this week is $2,497,000. Demand measured by the Market Action Index is increasing and days on the market is trending downward. Even as more properties become available, these are positive trends for the market
Supply and Demand
Home sales have been exceeding inventory for several weeks. However, because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially resume their climb from there. Watch prices as the market transitions from a buyer’s market to a seller’s market.
Again this week we see a downward tick in prices. This week doesn’t break out of that.