Market View: December 2, 2011 Laguna Beach

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Median List Price

The median list price in LAGUNA BEACH this week is $1,875,000. Inventory has been decreasing lately, but the market Action Index is falling, also. With days-on-market climbing, these are relatively negative indicators for the market.

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes, as it can be a leading indicator of price changes.

Price  

We continue to see prices hover around the currently level, even though they bumped up a bit this week. Look for a persistent up-shift in the market Action Index before we see prices move