Market View: April 8, 2011 Laguna Beach

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Median List Price
The median list price in LAGUNA BEACH, CA 92651 this week is $1,997,498. Inventory is up and Market Action Index is trending down recently. While days on market appears to be trending lower, the overall conditions are weakening a bit.

Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Price
We continue to see prices in this ZIP code bouncing around this plateau. Look for a persistent upshift in the Market Action Index before we see prices move from these levels.