Market: Laguna Beach 9/7

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Median List Price

The median list price in LAGUNA BEACH this week is $2,500,000. Inventory has been tightening lately, band the Market Action Index has been trending up. These are mildly positive indicators for the market.

Supply and Demand

Home sales have been exceeding new inventory for several week. Since this is a buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, if the supply and demand trends continue, the market could move in the seller’s zone, and we would likely see upward pressure on pricing.

Price         

We continue to see prices hovering around the current level. Look for a persistent down-shift in the Market Action Index before we see prices deviate.