Market View: August 10, 2012 Laguna Beach

0
1253

Median List Price

The median list price in LAGUNA BEACH this week is $2,399,000. The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

 

Supply and Demand

The market is getting cooler – more supply is coming on the market relative to the demand. However, in recent weeks prices have been moving higher. Since it is technically a buyer’s market, this price trend may be a result of improved quality of the homes being listed.

 

Price

Watch for a persistent downward shift in the Market Action Index into the buyer’s zone as a leading indicator of the current price strength subsiding.